Bitcoin short term bias

2021년 12월 22일

https://www.tradingview.com/x/ppHOmaVm/
https://www.tradingview.com/x/JEzDCBkw/
https://www.tradingview.com/x/nzAJKypB/

Ignore the coinbase layout above to the right, did not intend to include.

BTC looks weak/neutral on the macro level, Ethereum holding strong. and ETH/BTC looks primed to launch. A bounce for BTC may be the catalyst to send ETH on its merry way to new ATH.

Expecting a relief bounce for BTC in the week ahead. Either a continuation of this LTF breakout of falling wedge, or a fake-out sweep lower into daily demand around 44-45k to activate the markets before we bounce. 53k is high-confluence of resistance and where I'll cut all positions to reevaluate.

If another macro leg down is coming, as I expect, then the relief bounce will be small, the 60k area seems unlikely; why allow the trapped longs up there an easy out? Flip 63k and I'll be macro bull again.

I'm new to publishing and think perhaps my published charts are too busy, if anyone bothers viewing and wants to give some feedback on presentation or analysis, please do.