BITCOIN - Channel option ride
Updated
Bitcoin looks much better against the financial market itself, and the construction looks promising, as the breakout has been defended for now. In the near future, the price could move in the outlined channels, for the long-awaited breakthrough it will be necessary to wait a little longer, in the background there must also be a financially supported reason for the purchase for larger investors.
A bearish option is still on the table, but waiting for the "last" bounce is risky for bottom chasers; Black Friday didn't have any impact on crypto prices :) The price outcome at the end of 2022 will be very interesting :) Will we get an even bigger correction? A re-test of the downtrend would be somewhere around -35%, but it doesn't point in that direction at the moment. We'll see said the blind :) Good luck!
A bearish option is still on the table, but waiting for the "last" bounce is risky for bottom chasers; Black Friday didn't have any impact on crypto prices :) The price outcome at the end of 2022 will be very interesting :) Will we get an even bigger correction? A re-test of the downtrend would be somewhere around -35%, but it doesn't point in that direction at the moment. We'll see said the blind :) Good luck!
Note
Note
good volume on support bullish for now
Trade closed: target reached
Note
Breaking above the green line opens the door to the $26-30k levelTrade closed: target reached
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