Bitcoin analysis

in hive-184714 •  3 years ago 

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BTC ANALYSIS:

-The Weekly chart is still the same with trendline and horizontal support.
-All We need is some buying volume here, higher than previous candle selling volume.
-By the looks of it, selling volume is getting exhausted at the support.

  • Dec end selling reasons like Tax Harvesting, Overreaction to Macro are over.
    -Bullish Factors like US Stock Markets at an ATH , bullish option skew and opening of new postions during the first 2 week of Jan are setting up at support with negative funding.
  • We have to just wait 2-3 weeks and we could see a nice rally , meanwhile you can trade and scalp trending alts like Curve, Jewel , Luna etc
    Uploading image #1...
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