My End of the year analysis on BTC
This isn’t a financial advice in any form, but just my personal view of the market.
I am bullish on all smaller TF including the 4h chart for as long as 64k-69k resistance levels, and will be taking profits there too. But looking at the bigger picture is what people don’t want to hear, BTC is very bearish starting from the daily to the monthly TF. On the daily btc is forming a perfect head and shoulder pattern which is an extremely known bearish signal, switching up a bit you can see there is a huge double top pattern shaping up to take a dive down too and the monthly also needs to find support before we can decide if the shape we seeing is a double top or a retracement for a new impulsive move.
Fingers crossed tho
Trade safely
DYOR
NFA
I am bullish on all smaller TF including the 4h chart for as long as 64k-69k resistance levels, and will be taking profits there too. But looking at the bigger picture is what people don’t want to hear, BTC is very bearish starting from the daily to the monthly TF. On the daily btc is forming a perfect head and shoulder pattern which is an extremely known bearish signal, switching up a bit you can see there is a huge double top pattern shaping up to take a dive down too and the monthly also needs to find support before we can decide if the shape we seeing is a double top or a retracement for a new impulsive move.
Fingers crossed tho
Trade safely
DYOR
NFA
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