BTCUSD [Monthly] End of the year - Final check ( Bullish but...)
So, we do have Santa rally ( I was skeptical about below 3800 but above was short term bullish especially after two consecutive close above that level you can check it ![BTCUSD [Daily] Bullish ? Just not yet ....](https://s3.tradingview.com/7/7EjnOpIR_mid.png)
) and it's time to do final check based on monthly chart, so here we go:
1. Looks like we do have profit taking around 4350, surprise ? I'm not. Here we have strong resistance based on open on October 2017/ high of September 2017
2. So if long maybe would be good to think about ( at least ) partial profit taking / actively manage position ? ( if long from above 3800 )
3. Bulls need to close December at least above 4400/4500, close above 5000 would be great and restest of 5800/6000 possible quickly ( if thats the case I would feel more comfortable to renew/add longs ). Close below 4400 may strenght bears and we may see attempt to go below 4000 again ( if not lower )
Happy Holiday Season!
1. Looks like we do have profit taking around 4350, surprise ? I'm not. Here we have strong resistance based on open on October 2017/ high of September 2017
2. So if long maybe would be good to think about ( at least ) partial profit taking / actively manage position ? ( if long from above 3800 )
3. Bulls need to close December at least above 4400/4500, close above 5000 would be great and restest of 5800/6000 possible quickly ( if thats the case I would feel more comfortable to renew/add longs ). Close below 4400 may strenght bears and we may see attempt to go below 4000 again ( if not lower )
Happy Holiday Season!
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