BTC RALLIED IN APR AND MAY AND JUST MISSED THE 10K MARK, IT GOT SOLD OFF AT THE 61.8% RETRACE OF THE PREVIOUS PIVOT, THE ALGOS THAT SOLD THERE ARE SET TO BUY AT THE -23.6% OR 5200,
OVER THE LAST FEW WEEKS WE HAVENT BEEN ABLE TO GET THROUGH THE 50% RETRACEMENT FROM THE PREVIOUS PIVOT, WHICH MEANS THE ALGOS THAT ARE SELLING THERE ARE SET TO BUY AT THE -23.6% OR 5300,
SO THIS SETS UP A MASSIVE WAVE OF BUYING IN THE 5200-5300 AREA IF WE GET DOWN THERE,
SO IF THESE LOWS BREAK WATCH THESE AREAS WHICH I HAVE HIGHLIGHTED IN THE YELLOW BOX, IF WE SEE CONTINUED SELLING THE NEXT ROUND OF BUYING WILL BE AT THE -38.6% OR ROUGHLY 4400
WILL WE GET THERE TIME WILL TELL, BUT WE NEED MUCH MORE BUYING VOLUME THAN WE HAVE SEEN IN MONTHS TO REVERSE THIS MARKET, I HAVE A FEELING THE ALGOS WILL GET THERE FILLS
OVER THE LAST FEW WEEKS WE HAVENT BEEN ABLE TO GET THROUGH THE 50% RETRACEMENT FROM THE PREVIOUS PIVOT, WHICH MEANS THE ALGOS THAT ARE SELLING THERE ARE SET TO BUY AT THE -23.6% OR 5300,
SO THIS SETS UP A MASSIVE WAVE OF BUYING IN THE 5200-5300 AREA IF WE GET DOWN THERE,
SO IF THESE LOWS BREAK WATCH THESE AREAS WHICH I HAVE HIGHLIGHTED IN THE YELLOW BOX, IF WE SEE CONTINUED SELLING THE NEXT ROUND OF BUYING WILL BE AT THE -38.6% OR ROUGHLY 4400
WILL WE GET THERE TIME WILL TELL, BUT WE NEED MUCH MORE BUYING VOLUME THAN WE HAVE SEEN IN MONTHS TO REVERSE THIS MARKET, I HAVE A FEELING THE ALGOS WILL GET THERE FILLS