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Bitcoin (BTC) • Everyone waiting for xmas rally? Bitcoin failed to sustain above 17.1 in another nice fakeout. In my opinion just trying to delay the inevitable. There is substantial demand on the bid and sellers at the moment seem exhausted. As discussed in the previous video Options expiring in December carry the highest Open Interest of all contracts and the max pain zone points to 19k which sits at a technical resistance. It is the perfect present for a Xmas coated rally. A visit to the 16.2 would probably offer better risk-reward than current price levels. But the key is also to reclaim above the 17.1 and sustain. But overall the strategy is looking for Long entries on pullbacks while the "invisible hand" keeps pushing all these sideway shenanigans in order to get everyone fearful. Remember Long positioning is what makes sense from a risk/reward standpoint here but I do not yet believe we found the bottom. Due to some other factors related to how futures have been trading over the last months.
COINBASE:BTCUSDLong
by D7R
5
Bitcoin Analysis 02.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
by basictradingtv
4
Bitcoin Levels to trade and What to expect for the WeekendBYBIT:BTCUSD.P INDEX:BTCUSD BINANCE:BTCUSDT Bitcoin Levels to trade and What to expect for the Weekend I break down the price action from the swing failure pattern at $16000, how I got into a long trade there, where the current levels are to trade and what the scenarios are that could play out over the weekend. Please subscribe and smash the like button if you found value in this video . Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
BYBIT:BTCUSD.PLong
by zartraderguy
1