TradersJournal

BTC on sale? Buy opportunity o just OMICRON still pushing down?

BITSTAMP:BTCUSD   Bitcoin
Today I woke up to find out that BTC was going down again. Since late November, we haven't seen a clear bullish trend. A lot of factors are related to this from my point of view. OMICRON, Black Friday, J. Powell... etc.

It makes me wonder, WHAT IS GOING ON? maybe it is just another chance to buy the deep.


It keeps fighting hard around the 50% FIB and the price is touching the 128 MA wish is a historically strong support level. Let's see what's going to happen.

I believe the bullish trend is still there, only we saw a few uncanny weeks with some bearish fundamentals, but our levels of support are still there, firm as always!


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.