Hi guys, Finally we reached the Sellers Area indicated in my previously analysis.
Whats gonna happen now? I just want you to pay attention for a second to these important factors:Time and Range.
How can we say that Sellers are still playing the Game? Time & Range can answer. To get a Pullback to this Level, we’ve got 41 days and 249 candlestick (4H) against the previously drop down from 7690$ to 4000$ that it took ONLY ONE DAY AND 6 candlestick. Did you notice that?
What does it mean? It means that THE TIME of Buyers has to come, it didn’t come yet. Just because Bitcoin had this recovery, it doesn’t mean that the price can't go lower again. So, lets see WHO is gonna make the next move.
Tap a LIKE if you think is a useful idea & follow me if you want to receive notification about new price action analysis. Did you make an idea about BTC? Share it in the comments. In this post, I not recommend buying or selling so please do your own research, and follow your trading plan with a properly Money Management. This analysis can change at any moment without notice.
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Guys Bitcoin Broke the sellers area. Anyway I didn't change my mind. Bitcoin will go lower again and I'm definitely sure that it could be a bull trap :)