XBT Short-Term 1H | 8-Dec.
Updated
The opportunity to rebuy on the drop is almost over.
Bitcoin (XBT) is getting ready to move ahead.
Full moon blessings.
After a resistance level is hit, it is normal to see a correction.
After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov.
The bullish bias remains intact.
Additional support is also found at 0.618 Fib. retracement ($16547).
Next target we aim at a higher high.
Namaste.
Bitcoin (XBT) is getting ready to move ahead.
Full moon blessings.
After a resistance level is hit, it is normal to see a correction.
After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov.
The bullish bias remains intact.
Additional support is also found at 0.618 Fib. retracement ($16547).
Next target we aim at a higher high.
Namaste.
Comment
Watchout... 13-14 December bearish news incoming.We are likely to recover after the "news".
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