Hi All,
There are risks with trading and there is no absolutes so what can people conclude with such price action.
In the past I have seen at key levels with BTC history that a squeeze\low volatility means a big move.
I have this B.Band representing the range and its deviation degree lines.
This suggest the squeeze.
Using previous pivots points, we can also see price volatility is getting low and if you check, volume will be no different.
I can talk about what is likely to happen and what has happened and its basically the market shapers\makers have twisted and turned us at these high levels to strip some of the BTC.
The smart one's would have hold as stocks are drying up.
Basics tells us, demand and supply and supply is drying up. Is it enough for them ...who knows.
I have 2 scenarios.
A squeeze to the apex of this formation and\or
a bear trap before the escalation to the upside. Both are high probabilities.
December is likely to be the ATH and hence I can't see BTC falling much if they have enough to push it down... I think they would have done it by now.
The attempted fake H and S formation would have been 1 of their games and many fell for it...just by looking at the previous posts.
On chain data tells us, this above 50k range was accumulation...question is, is it done?
I have a fractal below which can help you understand the psychology of what happens with the price squeezes. The rest, I leave it with you.
Using fibonacci b.band.
Bull flag (top right chart)
The macro view how price is between 2 fib levels
please give me a like and a share,
Cheers,
S.SAri
There are risks with trading and there is no absolutes so what can people conclude with such price action.
In the past I have seen at key levels with BTC history that a squeeze\low volatility means a big move.
I have this B.Band representing the range and its deviation degree lines.
This suggest the squeeze.
Using previous pivots points, we can also see price volatility is getting low and if you check, volume will be no different.
I can talk about what is likely to happen and what has happened and its basically the market shapers\makers have twisted and turned us at these high levels to strip some of the BTC.
The smart one's would have hold as stocks are drying up.
Basics tells us, demand and supply and supply is drying up. Is it enough for them ...who knows.
I have 2 scenarios.
A squeeze to the apex of this formation and\or
a bear trap before the escalation to the upside. Both are high probabilities.
December is likely to be the ATH and hence I can't see BTC falling much if they have enough to push it down... I think they would have done it by now.
The attempted fake H and S formation would have been 1 of their games and many fell for it...just by looking at the previous posts.
On chain data tells us, this above 50k range was accumulation...question is, is it done?
I have a fractal below which can help you understand the psychology of what happens with the price squeezes. The rest, I leave it with you.
Using fibonacci b.band.
Bull flag (top right chart)
The macro view how price is between 2 fib levels
please give me a like and a share,
Cheers,
S.SAri
Comment:
Comment:
In the shorter time frames, we have many possibilities, all indicating bullish continuation pattern of some sort. No reversal.
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
