🅱️ XBT Short-Term 1H | 23-Dec.

23 ธ.ค. 2022

Consolidation continues to takes place.
The chart remains the same so we will have a look at something different today.

First the shakeouts.
- We had one 19-Dec and another one yesterday, 22-Dec.
- The second one smaller than the first and also a higher low.

Now an interest data point.
BitFinex price for bitcoin is higher than all other exchanges, I am seeing around 20-30$ usd higher.

This isn't a considerable amount but surely a signal.
BitFinex is one of the owners of crypto/Bitcoin, if they are bullish we have to take note.

Their price being higher might signal what's to come.
I don't know the exact reason why this is happening but we will take it as a bullish signal.

If anybody knows the reason please enlighten us in the comments.

1H short-term, XBT trading above EMA50, EMA21 and EMA10.
The RSI bullish.

The longer this consolidation goes on above these levels and the bullish bias becomes stronger.

In the higher timeframes we went with Bitcoin sideways but preparing for a rally in the weeks ahead.

January - March 2023 we expect a bullish rally, now we wait and see it if happens.

Namaste.