As shown on chart, Daily moving averages are on a strong buy signal however weekly is still falling from overbought, trading both ways is best.
I'm looking to buy in either zone on confirmation as a fakeout play of the rising wedges. 20k looking increasingly likely medium term, but nice bounce should happen sub 40k first unless equity markets crash hard and appetite becomes really bearish.
Personally I think we will see the usual Santa rally later this month first before further falls.
I'm looking to buy in either zone on confirmation as a fakeout play of the rising wedges. 20k looking increasingly likely medium term, but nice bounce should happen sub 40k first unless equity markets crash hard and appetite becomes really bearish.
Personally I think we will see the usual Santa rally later this month first before further falls.
Note
As expected, terrible year for crypto, great for those who have been shortNote
Still waiting for an upturn in the weekly MACDH before going long, until then bear market is in play
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.