Bitcoin BTC Positive Risk to Reward

2021年12月2日

Not going to go in-depth on this one and just going to keep it simple;

Positives:
Higher High on RSI
Falling Wedge Pattern: Roughly 70% bias to the upside
Near All-Time High support level
Very beginning of December, AKA Holiday extravaganza

Negatives:
Transformers are attacking Earth. Omicron is here to stay, the potential impact is significant but I'm hopeful fewer lockdowns and more living life this time around.

2021年12月5日

註釋

Well, it is quite obvious this did not play out as expected. Absolute liquid cascade came with a few red flags but ultimately I did not expect such a strong move down. I believe Bearish Bias is prevalent here in this area. BTC burned through its Bullish Divergence and is looking to have a bearish retest of broken level. Unless there is some sort of squeeze price will likely fill that gap on the daily before any real upside.