₿itcoin’s bear market will change back to Bullish in 2023
Fellow traders following along with our trades should put in a limit order in current BTC short trade we initiated on December 16th. We sold BTC at $16,850 with very tight protective stops at $17,350. Now is the time to put in a limit on your short trade to pull profits at $16,400.
The reason we initiated this trade was the red candle with a lower low and lower high we received on the 16th confirmed the “three river evening star” that formed staring on Tuesday the 13th and finishing on the 15th. What made this signal even more convincing was the position of the star or “doji” candle (along with the other two in this pattern) failed to close above what we are calling a strong area of resistance, the 78% Fibonacci retracement at $17,770.
We will be writing new articles twice a week once I am back from holiday intoxications, I hope you all get very lifted on holiday cheer as well. I for one can’t wait for 2023! This is the year Bitcoin WILL MAKE NEW ATH mark my words.
Hope you all are happy, healthy, wealthy & HAPPY!
~ Joseph Wagner III