Overall BTC trend is up as evidenced by the ascending channel. BTC price is sitting in a buy zone and confluence with it sitting at the bottom of the ascending channel. As long as the current yellow zone area holds, I am bullish on BTC and view this as a dip buy opportunity with a great reward to risk ratio. I am expecting all time highs within the midst of this year, and the bull run to begin either in the month of January or February.
The current sentiment of the Crypto Fear and Greed Index is extreme fear sitting at a 23. “Fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett
The current sentiment of the Crypto Fear and Greed Index is extreme fear sitting at a 23. “Fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett
Note
BTC dipped under the zone today and looking weak. Cautious buying anything like I recently posted about shorting NASDAQ. Market is looking shaky....Trade closed: stop reached
Looking like BTC is heading down towards $30k. Will reassess when it gets there.
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.
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.