My trading plan to take advantage of the momentum! In all transparency, no bullshit, no AI.
NB: If you like it and it helps you, feel free to thank me with a like, follow, and share!
I will try to keep it simple, and sorry for not being able to share this with you earlier due to the Christmas holidays!
1. The drop of BTC has dragged down the market, as usual, we had several signs of a possible recovery that was confirmed with a double bottom at the level of 92.5k-92k.
2. A slowdown in the drop with two breakouts of the downward tangent from the north (purple lines)
3. A short-term contraction in an ascending triangle (green triangle)
4. A powerful bullish rebound that crossed the first daily imbalance to settle in the one further north.
5. In the hourly view (H1), we have an indication of an inverted head and shoulders that would give an upward extension towards 100.5k and confirm the current imbalance and then aim for the imbalance towards 102-105k.
My expectations: Cycles 1-5. With a next target and opportunity to Sell High Buy Low in the imbalance zone 105k-102k.
Note, this movement will only be possible if we do not lose the imbalance 98-100k.
My sentiment $BTC
- short term bullish
- long term: uncertain, reaching and exceeding 108.3k will determine whether or not the bull run continues (very possible)
NB: If you like it and it helps you, feel free to thank me with a like, follow, and share!
What do you think? I respond to your comments!
