Wen Moon or are we ready for correction?
Bitcoin is rising rapidly 🥳 But most of traders I am sure didn’t manage to get on this rocket 🚀
I have drawn new levels of resistance with help of VPWR indicator, RSI, major trend lines and other interesting and useful data😎
And what do we have here?
🔸First of all, it was a beautiful bearish trap 🪤 Market maker has drawn beautiful rising wedge and successfully broke it😂
🔸Nearest strong resistance zone is located between $45k and up to $48k. Next zone is between $55k and $59k.
🔸It is worth to mention that Santa Claus 🎅 rally is yet to come and we can see some pushback before this week from those resistance levels.
🔸On top of that, it is an 8th green week in a row for bitcoin which is outstanding result and it’s time to cool down a bit 📈
However, I wouldn’t recommend you to short during bullish market. Trade in accordance with current trend.
Now it’s better to book your profit and wait patiently for another opportunity to buy (approximately in the middle of December🤫).
