BEST
Whales buying. This is what to expect from the crypto market.So, with the break of the bullish channel, we saw a heavy dip in price into the 40000 dollar zone and then an instant bounce up, Which was expected since the whales started to exit the market (Dec 1st), USDT.D Exploded after being in consolidation for a long time (Dec 3rd) and Bitcoin after around a day of consolidation and price compression (Dec 3rd), exploded to the down side and broke the bullish channel,
Now that the whales are entering he market and buying BTC Heavily,
These are the routes that price can take from most likely to least likely
1- Price Tests 40k Demand area, and goes up from there and breaks the 52k Supply area and continues to rise to the last ATH
2- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, and has a bounce up back from there
3- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, Breaks it, And goes down to 20-19k (Practically impossible)
Since we are in a long term sideways trend, And long term sideways trends don't really have a tendency to break, We have to see what happens, Scenario 1 is still the most likely, But the behaviour of whales should be checked upon periodically.
The best scenario for Bitcoin analysis in the MID termThe best scenario for Bitcoin analysis in the MID term is that the downward trend will continue
But now, if the price support above the $22,000 area and observe pressure from buyers ,
The price has the potential to rise to $25,000 resistance and then fall to new lows
Or if observe seller pressure and the $20,800 support breaks to the down and then we experience a fall to lower levels.
Sell IdeaHello traders, in today's trading session my team and I are monitoring GBPJPY for a selling opportunity below the 160.604 price level, once we get a bearish breach the pending order will be activated.
Pip Regards, DayBot6.
PS: Kindly COMMENT on what you think of this idea. Also LIKE, if you do.
Bitcoin continues to fall to the rate of 13567Hello, I am Hayman from Kurdistan, this is my first analysis. I hope I have helped you with this simple analysis. I believe that the chart speaks to people in the most correct way. long live for country of Kurdistan| united state of Kurdistan \USK
Chart
ATR andicaitor for Average price movement