Bitcoin touched the Weekly Range Middle which is very close to the Monthly Range Middle
A bounce had a high chance but due to low volume, the bounce is not great ( yet )
Options expired today which caused a little pump, lets see what happens later but I don't expect much untill after New Year when Pro traders step back in.
I didn't take the trade because I want to see 52k ( even 53.5k ) acts as support before I get in.
Personnaly with the resistance above ( Res 1-4 ) I think we need some volume from lower, which I think would be the green line
If not, that the Weekly Range Low is our next target where I would buy the wick below the level
For now, I stay out of the market and watch.
Happy New Year everybody
A bounce had a high chance but due to low volume, the bounce is not great ( yet )
Options expired today which caused a little pump, lets see what happens later but I don't expect much untill after New Year when Pro traders step back in.
I didn't take the trade because I want to see 52k ( even 53.5k ) acts as support before I get in.
Personnaly with the resistance above ( Res 1-4 ) I think we need some volume from lower, which I think would be the green line
If not, that the Weekly Range Low is our next target where I would buy the wick below the level
For now, I stay out of the market and watch.
Happy New Year everybody
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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.