

Mister Moon
1.8K posts

@MrMoonTrades
Mister Moon's Public Trading Journal || Market Analyst & Trader ||



Not really a fan of entering short trades during an uptrend, but this $BTC short was just too obvious.


$BTC failed to maintain above $48,000 and has retreated to the lower range of its rising wedge. Eyeing a potential short trade if we see a continued downward break.






#Bitcoin needs to sustain above $48,000 to aim for a breakthrough at $50,000. However, heightened selling pressure here could lead us back to retest support around $45,000. $BTC Given the uncertainty since reaching $44,000, I've been going for a more cautious approach. I'm holding off on 'major market movers' until clearer confirmations emerge in this zone of high probability and ambiguity. Trade Smart. Trade Responsibly! - 🌚




#Bitcoin's weekly candle has closed above the critical $30-31k zone. This signals strong bullish momentum. I've marked the next resistance levels for Bitcoin. Breaking above each will set the stage for a bullish end to the year. Those who managed to buy $BTC under $25k can now sigh of relief. The likelihood of prices revisiting that range has lessened. BUT, while Bitcoin shows promise, it's important to remember the broader global context. The world's economic and political landscape currently remains very uncertain, which can influence the market for better or for worse.. Trade Sharp. Trade Responsibly. #Moonvember ? 🌚




📈 $BTC.D Update: Following up on my last #Bitcoin Dominance analysis, BTC.D has now broken down from its critical trendline. This shift has paved the way for a notable uptrend in altcoins. For traders eyeing the altcoin trend, it's crucial to monitor BTC.D's chart to see if it will start to recover, or if the decline will continue, potentially fueling further altcoin rallies... Turn on your notifications to stay updated! 🔔


