Bitcoin getting ready to short-term trend (breakout)

11 déc. 2022

Bitcoin has been consolidating in a rather neat, orderly, and tight sideways range for 11 days.

It's about 11% off it's cycle lows digesting a landslide of negative headlines. This feels like it's ready to breakout sooner rather than later if I had to pick a side, it feels like the breakout direction favors the bulls — but as the saying goes — no trigger, no trade, so there's nothing wrong with staying patient and watching for the move.

I do have a long position in BTC and would add to it on a breakout.