Bitcoin BTC Positive Risk to Reward

Not going to go in-depth on this one and just going to keep it simple;

Positives:
Higher High on RSI
Falling Wedge Pattern: Roughly 70% bias to the upside
Near All-Time High support level
Very beginning of December, AKA Holiday extravaganza

Negatives:
Transformers are attacking Earth. Omicron is here to stay, the potential impact is significant but I'm hopeful fewer lockdowns and more living life this time around.

Yorum:

Well, it is quite obvious this did not play out as expected. Absolute liquid cascade came with a few red flags but ultimately I did not expect such a strong move down. I believe Bearish Bias is prevalent here in this area. BTC burned through its Bullish Divergence and is looking to have a bearish retest of broken level. Unless there is some sort of squeeze price will likely fill that gap on the daily before any real upside.