While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot
ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022
as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish
what now ?
We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September
not financial advice
Cheers
ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022
as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish
what now ?
We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September
not financial advice
Cheers
Trade active
Opened a x3 here SL 0.759not a financial advice its just to track a bit the idea I'm making and to be more transparent with my trades
Note
Updated SL to 0.679 cuz I fear another drop to 86k for BTC, its k cause its a 1,5% trade, would put me a bit red thowill add the double at 0.69
Trade closed manually
closed at 10% profit, will wait for lower lowswas also to try this new approach : all my funds are still cryptos not fiat I'm using multi collateral margin
Note
for now still valid despite today's moveneed to close weekly below 200ma to be invalid
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.