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Bruno F
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Bullish
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season?
January. Best.
What do you think?
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Bruno F
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$BTC will continue to be choppy at least until the end of this month. The bears are having the hand nowadays although they can't also force BTC to go much lower than 95K. I am feeling the market is just waiting for the right conditions to explode the bull run, and because of the very low volume we are having now it can happen anytime soon. Problem is it will not be a consolidated bull run because there wasn't liquidity created before. The makers want to make quick money. So it will climb and fall very fast, very reactive. Pay attention to your trades. Don't risk too much capital, and leave a good chunk of collateral, at least 70% of your portfolio to avoid liquidations. There is not an easy way to make sustainable profits nowadays. Go easy on your trades 🙏
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Congrats! Any specific strategy you're using?
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Not feeling the bullish sentiment that I see on lots of people. Let me tell you why: 1. BTC dominance continues super high at 58% today. Doesn't look it will descend in a near future. 2. Total Market Cap at 3.36T, after falling more than 10B on the last days, without signs of recovery. 3. The "Trump" effect starts to fade away. Any directives he would like to implement for crypto will take time because he might have been overly ambitious. 4. There is a lot of FOMO and FUD nowadays. Spikes everyday, with super high price volatilities on $BTC and on the alts. Lots of anxiety for people to quickly secure profits or dump on the first signs of losing. .. I just hope I'm wrong.
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$BTC in the last line of support on the 1D candle, drops below 94K and we see further correction to 87K - 90K. Going to be a difficult Christmas to the bulls ... there is not so much liquidity between 94K to 90K. Stay strong and patient. BTC will rebound after the correction.
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Monday, maybe, if not, then next year only.
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