let me start and finish by saying that i don't have the time to read a wall of text that has probably nothing new for me to learn, tho your efforts are appreciated regardless of what are you trying to accomplish , sorry nothing personal tho
back to TA
Guy's don't FOMO , you are likely going to get burned, if you haven't bought the breakout at 3700$ then it could be a bit too late now.
if you are a long term Hodler, this is not for you , if you are trying to make any sort of profit trading, you need to stop listening to the moon boys and learn how to trade, we are in a down trend, chasing green candles is going to get you burned.
it took only 4 hours to wipe out 6 days of gains, while i do believe we have already bottomed, but for the short term, it's always safer to short,
the low 3k is officially a bull-zone for now , the low to mid 4k is a bear-zone, you should avoid selling at low to mid 3k as well as avoid buying at 4 to 4.5k area.
should price break above and we see a daily close above Nov 29th high which is 4430$ on BTCUSDT binance chart, then it's safe to long bitcoin, should the price break the low of of Dec 15th, it will collapse, and therefore the right thing to do by then is to short the hell out of btc.
as for now , this is the only valid channel/area , until we create a new Higher High or Lower Low then attempting to chase price out of this area is nothing but a desperate trial of beating the odds.
trade safe everybody.
