🅱️ XBT Short-Term 1H | 12-Dec.

Bitcoin (XBT) continues trading within a range.
All the technicals are the same as before, bullish.

We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.

The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.

Better to wait after they make their move to see how the market responds.

Any bullish signals/bias can be quickly/easily negated as soon as they release their numbers and publish their decisions, that's how it normally goes.

If the market does crash, we expect a fast recovery right afterwards.

XBT's short-term support and resistance levels are clearly mapped on the chart.

Namaste.

Trade chiuso: stop raggiunto:

We hit a new high.

It actually looks pretty good.

Let see what comes up tomorrow.

Commento:

Fake breakout.

Back within the same trading range from early December.