BTC is testing one of it's most important levels of recent 2 years but unfortunately it is so far from most of trend lines!
I personally won't short on BTCUSD but I'll not buy at this place since bearish momentum is so strong here. Also by taking a look to my old chart you will get the price reacted to the middle of channel very well.
There are some good news for bulls too. Dec 4th a great bullish shadow indicate there are strong buyers around 42K and whale's bullish activity could be seen these days so we should wait and enter the market after price reaction to the level if bulls win the middle line of long-term analysis (linked analysis) or previous ATH could be the target point but if the bears win price could be fallen to next Level.
Regards, Ali
I personally won't short on BTCUSD but I'll not buy at this place since bearish momentum is so strong here. Also by taking a look to my old chart you will get the price reacted to the middle of channel very well.
There are some good news for bulls too. Dec 4th a great bullish shadow indicate there are strong buyers around 42K and whale's bullish activity could be seen these days so we should wait and enter the market after price reaction to the level if bulls win the middle line of long-term analysis (linked analysis) or previous ATH could be the target point but if the bears win price could be fallen to next Level.
Regards, Ali
