Bitcoin is most likely going to form a double-doji on the daily this midnight. In other words, the price for the last two days has been indecisive. This usually means a big move on the third day. I zoomed in on the 1h chart to see the trading range. Take long/short positions depending where we breakout
The S&P 500 Vanguard Euronext is about to make a big move in the coming weeks. Target 62.4 euro (bottom of the wedge) in the bearish scenario and 68.5 euro in the bullish scenario.
Bitcoin just broke the long-term upper band. Despite the fact my short position is liquidated, I am happy for the crypto market to reach this levels (tip: never trade with more you aren't comfortable with losing 😉).
However, be careful multiple indicators showing overbought area at the moment. We might see a (small) dip in the short term.
Since the last chart we moved from 'almost back on track again' to 'back on track again'. It took a bit longer than expected, but Bitcoin is moving in the same trend line again as it did in most of November and October.
Last time we broke temporarily to the bottom. For now we have to wait to see if it can break through the top, since it already took a long leap...
After a long bullish movement in the market, the price fell significantly a few days ago. However, the momentum is picking up rather quickly. Currently, if there are no major drops in price, we will continue the previous trend line up.
This is a semi-neutral view. I hold short positions in Bitcoin, however, regret this decision and already wrote off these losses...
If Bitcoin wants to continue this path we will have to have a small retrace, but so far Bitcoin looks strong. It is a make or break point of the bull run that is going on for almost 10 days in a row right now.
