Bitcoin (BTC) • Last review of 2022
Not much has changed for Bitcoin.
Price and Time discovery with sideway shenanigans on intraday lasting days and weeks.
While we trade under the 20k things look grim. The movement Bitcoin decides to test the 23k resistance the 20k will need to behave as a reliable support for it to show a possible bounce toward the 28k region.
The macro weekly trendline is still intact with no meaningful test as such. we just assume the bear trend is intact.
Futures data keep flip-flopping but on balance, it portrays a more bearish painting outlook as discussed in the video.
It is no time to be all kumbaya as the macroeconomic outlook is pretty grim.
This is my last update for the year.
Hope you all great 2023 and be mentally prepared for thought times.
Price and Time discovery with sideway shenanigans on intraday lasting days and weeks.
While we trade under the 20k things look grim. The movement Bitcoin decides to test the 23k resistance the 20k will need to behave as a reliable support for it to show a possible bounce toward the 28k region.
The macro weekly trendline is still intact with no meaningful test as such. we just assume the bear trend is intact.
Futures data keep flip-flopping but on balance, it portrays a more bearish painting outlook as discussed in the video.
It is no time to be all kumbaya as the macroeconomic outlook is pretty grim.
This is my last update for the year.
Hope you all great 2023 and be mentally prepared for thought times.
D7R
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