My medium-term outlook remains unchanged—this descending flag pattern hasn’t played out completely yet. I’ll consider a mid-term short position after it’s done. Right now, we’re exactly in the second leg of the zigzag correction.
On the short-term level, we’re in the 2nd wave of this zigzag correction, and it’s about to wrap up.
The ideal scenario? Wait for a rebound above 92,000 and then look for opportunities to open a short. Of course, the market may not reach this level, in which case, just keep observing—no rush to get in. If the technical pattern hasn’t fully developed, it’s better to miss out than to force a position.
In swing trading, the biggest mistake is acting too early. Patience and waiting for the right signal are more important than anything else.
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BTC Price Action Review for December 6:
My medium-term outlook remains unchanged—this descending flag pattern hasn’t played out completely yet. I’ll consider a mid-term short position after it’s done. Right now, we’re exactly in the second leg of the zigzag correction.
On the short-term level, we’re in the 2nd wave of this zigzag correction, and it’s about to wrap up.
The ideal scenario? Wait for a rebound above 92,000 and then look for opportunities to open a short. Of course, the market may not reach this level, in which case, just keep observing—no rush to get in. If the technical pattern hasn’t fully developed, it’s better to miss out than to force a position.
In swing trading, the biggest mistake is acting too early. Patience and waiting for the right signal are more important than anything else.