🚨 Bitcoin Weekly Analysis: Bearish Signals in Sight, But Bullis

18 thg 12, 2023

🚨 Bitcoin Weekly Analysis: Bearish Signals in Sight, But Bullish Trend Holds

Hello everyone, today's focus is our Bitcoin Weekly Analysis. Let's begin with the facts and conclude with key takeaways.

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FACTS:

• []Price Still above overbought Red Line (good)
  []Bearish SS type "B" confirmed, it has 77% historical accuracy.
  []Horizontal and Trend Support at 32-33K.
  []Strong Uptrend on our TS indicator.
  
• Bearish signal flashing on oscillator (not confirmed)
  

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CONCLUSIONS:

• []Trend still bullish, even if it goes down to test 32K.
  []Took some profits (around 20%) as we had our first bearish signal.
  
• Still holding most as the trend is clearly bullish, chances for it to be a fake out or just a quick correction (1-3 weeks) are high. (like 2017 bull run, see the comment section for reference)
  

This is how I ride an uptrend, getting a good entry and just locking some profits on the way up when our indicators signal some weakness. It is impossible to predict if there will be a major correction or not, NO ONE CAN, we just ride waves, with the advantage of having clear signals with historical probabilities data. One Signal at a time.

Note: Not financial advice. PS: Too early to know if that bearish signal on the oscillator will confirm.

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Wrap-Up: That's a wrap! If you enjoyed this Weekly Analysis:

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