Seeing too much traders calling out for prices below $6000 on BTC.
Common price ranges: 5200 - 5600 - 5800
In my opinion, many traders will anticipate other traders calls and adjust their buy orders up higher than expected.
Will we break the bearish pattern currently forming on the 1D chart? Probably not soon.
Are traders overly bearish? Yes.
Will the bearish pattern break out downwards? Probably not, because when there is fear in the streets be greedy.
Common price ranges: 5200 - 5600 - 5800
In my opinion, many traders will anticipate other traders calls and adjust their buy orders up higher than expected.
Will we break the bearish pattern currently forming on the 1D chart? Probably not soon.
Are traders overly bearish? Yes.
Will the bearish pattern break out downwards? Probably not, because when there is fear in the streets be greedy.