30minutes | Bitcoin | Analysis | 25/12/2024Asalam.o.alaikum (Hi) Community,
Merry Chirstmas to you!
Hope you are fine and doing all of your great, so about yesterday analysis, we have seen exactly formations of IFC's and fulfilling all the demand that was conflicted in previous days. So for today we can see the recovery of unconditional bull move as following:
Bullish
Yesterday, we measured the very fast bull move, it seems like bull wants to gain the profit as soon as possible (quickly). But remember bull move speed is not fast as we are seeing, bull speed always remains slow as compared to bearish one. So, If market breaks the Volume Charging Triangle upside without any retest, the formation of huge IFC's will continues happening and we can see the rejection/reversal upon the mentioned upside area.
Bearish
If talk about the confirmation, we have many evidence for bearish move. Like in Weekly time frame there is proper sell indication as bull investor interest lies upon maximum bottom price area. Similarly, in Daily timeframe market is facing the supply, as well as in 30mins. But remember we are at the central area of the market so it's quite unfair area for the entry.
So we have these key levels. Let measure the upcoming move.
Cheers,
Thanks!
Intikhab Gillani MOCHH
Analyst (Ultra Securities & Hedge Funds PvT Limited Pakistan)
25/12/2024