Be careful on your choices ! - BTCUSDT ANALYSIS - H4
Let's do an update about what I said in my last idea about BTC evolution for next days.
So I said that market was undecided and it was better to wait and see where the market want to go to follow the trend. In the bull analysis I said that we needed a strong pullback with a reaction on the resistance of the down channel broke (You can find this analysis attached to this one). And that it was important to have buying pressure and selling pressure.
Here we are ! We have a strong pullback, nice volumes, nice exhaust. We are right on the resistance, at the perfection. We have a nice candle of buying pressure. And ..... unfortunetly, no buying volumes. So I will keep the same idea : "Wait to see where the market want to go". So for me there is no evidence of bull signal, nothing is clear here. We can go back into the channel, retest the resistance of the channel and see if we have volumes, or even go to the target of the channel near $54,000 if we finally find volumes.
I can only invite you to be careful of the choices you make, low exposure on your trades in this area seems to me the minimum.
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me the strength to continue ! I wish you all success you need for 2022, on every side !
So I said that market was undecided and it was better to wait and see where the market want to go to follow the trend. In the bull analysis I said that we needed a strong pullback with a reaction on the resistance of the down channel broke (You can find this analysis attached to this one). And that it was important to have buying pressure and selling pressure.
Here we are ! We have a strong pullback, nice volumes, nice exhaust. We are right on the resistance, at the perfection. We have a nice candle of buying pressure. And ..... unfortunetly, no buying volumes. So I will keep the same idea : "Wait to see where the market want to go". So for me there is no evidence of bull signal, nothing is clear here. We can go back into the channel, retest the resistance of the channel and see if we have volumes, or even go to the target of the channel near $54,000 if we finally find volumes.
I can only invite you to be careful of the choices you make, low exposure on your trades in this area seems to me the minimum.
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me the strength to continue ! I wish you all success you need for 2022, on every side !
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