Bitcoin watching the levels before crucial Events & HOlidays session

Volatality is nowhere close to November levels in Bitcoin and in other Crypto currencies. I just got the feeling there is bit more than a week to go for holidays in most parts of the world & I expect IT's are watching the levels crucially and I expect any downside thrust would found strong bullish momentum .


Reason being quite simple. We don't have follow through after spikes and moves down and found support but now moves have been stalled because expectations and I would be sitting on sidelines and watching PA to unfold ahead of Friday reports as we will have volitality this week with OPEC & U.S Jobs report this Friday. With Brexit & FOMC next week. 


I would set my buying limit at 7320 & put stops just below the downtrend line (In case we have a breakout) & look to target 8300 level. We have strong price action and low follow through, so watch any low volatility breakout & avoid false breakouts.

COMMENT

24

preview not available Shadda 🇵🇰
03 Dec

It seems that bitcoin go down and it will go below 7k and if we can see growth then it will cross 8k after January..let's see what happened in December..

4 REPLY

11

Aman Arora
03 Dec

I'll wait and watch the PA before taking decisions. Levels are tested with low volume. So, putting buy order with low risk high reward should be in focus for the whole week through. 

2 REPLY

22

Sincere Helper
03 Dec

Possibly you will get good gain in the Christmas holidays and giant will move forward towards $8000.

4 REPLY

19

Athar Saleem
03 Dec

Buy low ...sell high,commonly folks follow this rule.

3 REPLY

26

preview not available Timo Thee
03 Dec

Nice analysis! 

We had a great buying opportunity right after the first big crash from $10,000 to under $7,000, but things are once again leveling out. We’ll see what happens. Everyone’s looking for some cheap crypto for the holidays! 

3 REPLY

30

preview not available Dotun Awosika Deetee
03 Dec

IMO it is a great time to buy the deep and HODL.

1 REPLY

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