Bitcoin is looking good. I'm not the least worried yet. Zoom out, relax and enjoy christmas time.

Short term I'm super excited, because we are definitely going to see some price action today within 10-12 hours. But even if that action doesn't bring us up above $10,000 and stays there, we are still in a very steep hill. It's been an endurance hill-race for Bitcoin.

If you take a look at this first chart which is a 1 hour chart, you can see what I'm talking about. We are "squeezed" into action once again. That has happened two times the past 48 hours and we've been very bearish. I believe any breakout now is very bullish as $9000 area looks like strong support so far.

 

Something I've learned as an investor and not primarily a trader, is to always ZOOM OUT. Let's do that.

Zooming out to the daily chart we can breathe a little more. Nothing to worry about short/medium term until around $8000-8300 levels.

But let's zoom out even more, to the weekly chart - which is the chart I find the most interesting.

As you can see, Bitcoin has been in an insane uptrend. Anyone who did not expect pullbacks are delusional. It's easy to become delusional in a market that has gone up continuously for months. But consider these charts before you consider selling anything into FUD and panic.

I am HODLING all my Bitcoin(s) and all my alts through this. It's been a painful and rather meh-experience losing so much money so fast. But I know that this is not the end of Bitcoin, and certainly not the end of crypto currencies and ideas and companies built on top of the Blockchain.

So let's zoom out, relax and enjoy Christmas time everyone.