BTC - still long, the retrace has arrived.
Update to BTC:
A fresh all time high, created a great drop to fill the balance.
A new fresh top formed. Price has fallen but stopped at a great level of imbalance.
What now?
We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break.
If you are holding longs and still comfortable.
continue to hold with hedges accordingly at levels where price has reacted [look left].
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch for long additions.
$24,000 - 25,550
30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January.
We now have an imbalance to fill back to $22.5 to 24k - this will be the pivot level for longterm outlooks.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
A fresh all time high, created a great drop to fill the balance.
A new fresh top formed. Price has fallen but stopped at a great level of imbalance.
What now?
We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break.
If you are holding longs and still comfortable.
continue to hold with hedges accordingly at levels where price has reacted [look left].
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch for long additions.
$24,000 - 25,550
30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January.
We now have an imbalance to fill back to $22.5 to 24k - this will be the pivot level for longterm outlooks.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
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