Bitcoin: Santa Claus Rally

[OZER]

anta Claus Rally gave a good opportunity to get out from wrong positions and even make some profit. But we have to be very careful! The upward movement doesn't mean that we are going to continue the bullish trend with new ATHs. It may be just the result of activity in the low liquidity market. And I'm talking not only about the crypto market, the same goes about the stock market.

Be careful! We have the upward movement which easily can be a bullish trend as well as a correction in the bearish structure.

Look at the daily chart of Bitcoin . We have a new swing high and a bearish signal with the main target at 47 000$. RSI confirmed the price reversal. MACD histogram is going to confirm a downward movement as well. And what is also very important, the price bounced from 52 000$, it is the local resistance.

I would like to follow the bullish sentiment from many traders, who didn't face the bearish market in 2018. I would like to see new ATHs and make a solid profit with the bullish trend . But I have no right to ignore the real situation in the market and follow my wishes. I wrote about it before and I remind you again - the market doesn't care what you want!

Be careful!

[trawick]

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[naif]

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