$BTC-Incoming dip from POC @ $91K to 50% FIB @ $83K
🧠🧐My thought process is that after using Macro 1 day charts plotting Fib from 11/5 to current along with Volume Profile for the same date range, Bollinger bands, RSI, MACD we have a strong bearish wave coming. Definite confirmation to further downside. Historically this a bearish week going back decades. The bullish gaps BTC created further adds to the current downside momentum...timing is everything with trading markets.
🔻We should expect a solid week of bearish until at least after Cyber Monday. A run up past 100K before end of year is looking more unlikely by the day. Alts are following their pattern = was slow behind BTC to flip to bullish & now slow to flip to bearish so EXPECT MORE DECLINES!
⚠️‼️If using leverage stay near 5x to reduce your risk to volatility.
👉👀Chart Breakdown = Using the tools mentioned above we have a clear indication that the price will decline inbetween the Volume Profile POC (Point Of Control) @ 91.2K & FIB 50% @ 83.1K. If the price fills the 1st Bullish Gap/Volume Profile Gap @ 85.2K the support could establish and the dip stops.
🦃 Happy Holidays, take a week off from trading...Socialize, Eat, Drink, don't worry...the markets will be here when you get back.
🔻We should expect a solid week of bearish until at least after Cyber Monday. A run up past 100K before end of year is looking more unlikely by the day. Alts are following their pattern = was slow behind BTC to flip to bullish & now slow to flip to bearish so EXPECT MORE DECLINES!
⚠️‼️If using leverage stay near 5x to reduce your risk to volatility.
👉👀Chart Breakdown = Using the tools mentioned above we have a clear indication that the price will decline inbetween the Volume Profile POC (Point Of Control) @ 91.2K & FIB 50% @ 83.1K. If the price fills the 1st Bullish Gap/Volume Profile Gap @ 85.2K the support could establish and the dip stops.
🦃 Happy Holidays, take a week off from trading...Socialize, Eat, Drink, don't worry...the markets will be here when you get back.
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