BTC LONG ANALYSIS

Dec 22, 2021

what we see here is BTC leaving SSL(Sell Side Liquidity) at the bottom to take the BSL. Since the chart pattern has been used and price failed to drop lower, we should be expecting more bullishness on BTC till 56,000. We also had a retest of trendline and the daily is very bullish. Though we'll have to see a break of 50,000 first. A successful break of 50,000 will mean we can hit 56,000.

Dec 23, 2021

Note

BTC daily candle gave a bearish pinbar, this indicates that price is not willing to break 50,000 just yet. the weekly analysis shows that BTC is bearish, so price might look to continue in that direction. we still have SSL at 43,000.

Dec 23, 2021

Note

for now we are just watching, no proper direction yet.till BTC breaks structure

Dec 23, 2021

Note

BTC is about to break the structure to the bullish side, but without a successful break of 50,000. we're still in bear territories.

i'll be dropping an updated analysis soon