Give market more time

Morning folks,

Just we've stopped talking about downside reaction on 102K target - it immediately has happened. As we're going slowly to Xmas time, managers and investors start thinking about holidays and payouts. So, activity on the market will slow.

Second is BTC is overbought on monthly chart and completed major target. Such a combination tells that it should be either down or sideways action in nearest time. Since monthly is very big time frame, reaction might be extended in time. So, we just need to do market time to express this reaction. It now stands in release stage.

So, the first thing - we should not hurry up with a new position, no matter in what direction. Do you see something interesting here, on 4H chart? That's it and I see nothing.

Second is - we should wait for clear patterns without any worry that we will miss the chance. Patterns should be extended and well recognisable, such as H&S on daily for example:


Or something of this kind. So, be patient.