Considerations against FEAR
Are you in fear? Did you expect the trend to continue over 126k?
Checking the weekly chart, there are some indicators regarding a possible zone BTC could settle at:
- Clean Elliot wave end
- RSI 20 hit 3x
- Price between leg 3-5 average approximation: 92-94k
- ATH leg B lower than ATH leg 5
As_suming, the bullish trend has ended now (end of leg c), and BTC should return to 92k support. Did you expect the trend to continue endlessly? Thatโs how sharks make money and beginners buy ATHs
Solution: Drink tea and wait. Scalping could be boring as well within the consolidation phaseโฆ
Additional considerations: When will the money flow into alts as BTC could loiter in a channel? Christmas craziness???
Any other ideas?
No financial advice. Do your own research. My opinion - No guarantees at all!
