After the pass mania of the buying frenzy we have seen price move low, with large moves higher as smart money run out buy stops of short positions.
Failure to make a higher higher in February 2020 signals a move lower to target equal lows at 6588. Any traders long will have their short stops resting below this level.
Price will want to sweep below this level to remove long positions from trader who brought in before the mania of bitcoin started.
I see a nice order block below the 6000 handle where I will watch for accumulation to occur.
Failure to make a higher higher in February 2020 signals a move lower to target equal lows at 6588. Any traders long will have their short stops resting below this level.
Price will want to sweep below this level to remove long positions from trader who brought in before the mania of bitcoin started.
I see a nice order block below the 6000 handle where I will watch for accumulation to occur.
Time is the only true currency...how will you spend yours and what value will you receive?