Bitcoin: Unveiling the Code for Actionable Setups (Weekly & Dail
2024-12-30
Category: None

Decoding Bitcoin’s Next Move 

In this week’s analysis, I’m breaking down actionable setups on Bitcoin using the Weekly and Daily Charts. Here’s what I’m watching:
 
Weekly Insight 
The short-term weekly swing high is the key level to confirm bearish momentum. If it confirms, I’ll be hunting for Ducks in a Barrel shorts on the H4 timeframe, aligning with the momentum while respecting the larger uptrend.

However, the big picture remains bullish. I’ll stay sharp for the next short-term swing low on the weekly chart, signaling a potential high-probability long opportunity.

 Daily Focus 
This is the bull’s last stand. The daily uptrend needs to hold, with a higher short-term low forming soon to confirm strength. If the bulls put in a higher low here, I'll be huting Ducks in a Barrel longs on the H1 timeframe. If the bulls fail, the Weekly swing high will likely dominate, leading to a broader pullback.
 
Conclusion 
Bitcoin is at a crossroads. Whether we see a pullback or a continuation of the uptrend depends on these critical levels. Watch the charts, align with the probabilities, and stay disciplined.