BillCharison

$BITCOIN Wants To Be Litty, But...

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
$BTC is extraordinary in its desire to be expensive! However, at the moment, the situation is changing. We have bearish signals, such as strong overbought and bearish divergence on some timeframes. There was also support below us at the level of $11910 due to the price breaking through the support and fixing below it. I want to remind you that the weekly candle closed above $11650, which means that the purchasing ability has much more power than the selling ability.

Of the highest priority in the medium term is to see the price in the region of $13000 after the correction.

Locally, in the short term: during the pump to $12300, there were much less volumes for purchase than volumes for sale during the current dump to $11600. Consequently, in the short term, when the price is fixed below 11600 for several hours, the price should go down to the supports for retest. Namely, in zones $11350 - $11035 - $10810 ($10810 - highly unlikely (too low)).

If the price fixes above the levels of $11910 and $12000, we will see continued growth to the levels of $13000+.
Work in the team of Crypto Klondike.

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Thanks for sharing. I’m growing impatient waiting on this correction. I traded well going into this rally and took profits at 12+. Part 2 of my plan from a week ago was to rebuy at the mid 10k range but the FOMO boost from mainstream media coverage seems to be artificially sustaining this rally. Glad to see your forecasted dip.
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Good luck guys!!
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What about the not-yet-closed gaps below here? looks like a proper moment for market makers to close them! :D
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