220424 BTCUSD Analysis (Monthly candle,Smart money,Harmonic)
Bitcoin / United States DollarCoinbase
Description
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30min: You can see the back to back mitigation move at the supply zone.
1M: Harmonic extreme 3.618 extension shows that the price is highly overbought.
Price seemed to bounce at the liquiduity area, but it couldn't to go further only to fail at 1.13 extension area with the clear divergence.
30k~12K is an area whre inefficiency has occured, so the price is likely to go downward to fill the gap.
Thanks.