The most trusted cryptocurrency platform
Coinbase.com - (US & INT)

Bitcoin Market Analysis – 13.12.2021

This is the downtrend you need to pay attention as the bulls are being clipped by the bears at the moment with 40% dip since ATH. That doesn’t qualify the scenario right now as a failed cycle.

The negative sentiment out there, but it doesn’t make the market bearish. There’s no sign of bear market yet.

Looking at the BTC daily chart we see a dominant downward movement in a new cycle but still in a right translated cycle. My point here is that, we have had higher highs before the higher lows which is still under control.

There’s no clear action presently and it’s advisable to take back and don’t push trade to avoid being liquidated. Any X leverage can be easily liquidated in a situation of high volatility where the bottom is yet to be confirmed.

Having had a down slide in a new 4-year cycle, it’s expected to have a pull back and that is not happening at the moment and this should make us not to throw caution into the wind.

Don’t fall into a trap if you see any reversal without confirmation.

On a the other side, if you’re a long term investor, don’t panic, because it has not dipped below the prior low where we could say, we’ve a failed cycle. This is not the time to slim portfolio.

Pic.1: The chart shows a dominant downward in a new cycle but still in a right translated cycle.
Source: Paid Content by Peter Brendt and his partners at bitcoin.live , BTCUSD Chart by TradingView

The BTC weekly chart is not looking so bad, when you look at it from the cycle point of view. Still having a bullish structure even with downward dominant move.

We’re building upper range just similar to that of the year 2020 where we have that part of consolidation up to 60-day cycle, to the run up to 4-year cycle.

I understand the sentiments in the crypto space right now and the panic mode being activated by so many. The truth is that; we’ve not gotten to day-65 low where we begin to question the narrative as to whether to hedge or not possible further crash.

The 4-year cycle still has room to run since we don’t have a failed cycle yet.

Pic.2: Bitcoin Still having a bullish structure.
Source: bitcoin.live , BTCUSD Chart by TradingView

🔴This Market Update is created using Paid Content by Peter Brendt and his partners at Bitcoin.live. Peter Brendt is a Trader since 1975. Author and publisher of the Factor Report as well as Best Selling Trading Books. If you want to read full content by him and his partners, trading signals/calls in real time, daily/weekly/monthly reports, trading videos and podcasts, trading tips check out his VIP Subscription Service


🔴This Market Update is created using Paid Content by Peter Brendt and his partners at Bitcoin.live. Peter Brendt is a Trader since 1975. Author and publisher of the Factor Report as well as Best Selling Trading Books. If you want to read full content by him and his partners, trading signals/calls in real time, daily/weekly/monthly reports, trading videos and podcasts, trading tips check out his VIP Subscription Service