Member-only story
My Trading Journal #4 (2023–12–17)
Disclaimer: The information provided is for educational purposes only and is not intended as financial advice or as a recommendation for any specific investment or trading strategy. Markets can be volatile and investing in them involves a risk of loss. Always do your own research and consider seeking advice from a financial professional before making any investment decisions. Remember, past performance is not indicative of future results.
I Don’t Usually Trade on Weekends
Yes, I usually disconnect Saturdays and Sundays but today I am preparing the week. Christmas is coming and these days the volume is lower than other weeks.
Next weeks can be very intensive for the crypto ecosystem, with a lot of good news for the industry.
Will the bullish market continue?
I don’t know. Let’s see the charts and what I think it could happen in the future.
My Technical Analysis
Bitcoin (Daily Chart)
The current chart is very bullish. I have painted a channel that I believe the prices should respect if the uptrend is real.
It looks like a consolidation phase. The price could visit the 38000 USDT again or continue the uptrend breaking the channel.
Ethereum (Daily Chart)
Ethereum is also bullish. the price is inside an uptrend channel. I am optimistic with the future price too.
If we check a long term chart, we need to take in consideration a resistance level at 2500 USDT where we could see some sell pressure.
There is something I really don’t like:
The Ethereum fees are too high
