As this chart as not been modified we are seeing typical behaviour bein repeated by the majority in crypto land. This being said... we are also seeing further discussions fundamentally surrounding the footprint of crypto currencies in the future.
Now at this present time we are seeing a few things take place. Speculation at the 6800 Level showing buyer sensitivity, keeping in mind we have still been in an overall down trend still the majority have forgotten this and continue to FOMO invest, the "Whales" or those that
are considered to be leverage traading with larger Qty orders see the chance to create more liquidity and gain further positions at a better price.
Logically take profits are actioned at the highlighted areas and shorts are put in place.
Currently following wihtout bias. Ideally we have the potential structure forming to get an opportunity between 3000 - 5000 range again. all going well we will see thif before end feb/begin of march .
Patiently watching...
Setting orders at 3500 - 4k range to buy.
Now at this present time we are seeing a few things take place. Speculation at the 6800 Level showing buyer sensitivity, keeping in mind we have still been in an overall down trend still the majority have forgotten this and continue to FOMO invest, the "Whales" or those that
are considered to be leverage traading with larger Qty orders see the chance to create more liquidity and gain further positions at a better price.
Logically take profits are actioned at the highlighted areas and shorts are put in place.
Currently following wihtout bias. Ideally we have the potential structure forming to get an opportunity between 3000 - 5000 range again. all going well we will see thif before end feb/begin of march .
Patiently watching...
Setting orders at 3500 - 4k range to buy.