I like using inverted graphs in situations like this, because sometimes it shows what people dont want to see. Whats more likely? A drop bellow a trendline which is there since 2017 or breaking a trend line since march 2020?
Inverted RSI with broken trendline and crossing MACD are showing same scenario
Whales could take some more liquidity and push it once again towards 9K also with halving event.
Be very carefull and happy trading.
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Also this push up which could grap some liquidity would fill CME futures GAP in our inverted graph
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We have started filling the CME GAP and it should do so this week because if the gaps are not filled in the first week, it usually takes months for the price to get there again.
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I believe we will come to region of ''area of confluence'' which I wrote about on twitter. The level of 9300 is key for us. There are strong resistence, its bottom part of area of confluence and there is 0,618 level of last move.