Hi guys,
In these two past days BTC closed 2 green candles: one engulfing with lower volume and one bullish "hammer" with higher volume ("hammer" is considered a candle with long shadow and little body that should not sit below the 30% of the longest shadow: if the logest shadow is above, it's said that this is a sign of bearish strenght, if the longest shadow is below, it's sign of bullish strenght).
This not obviusously means that BTC it's now going to touch the space, but it's something that it's related to my point of view on what will happend next.
In the graph I've traced some liquid zones that will help us in tracing the ideal movements of BTC.
We can surely see that we are in a sub-UpTrend mede by those HH and LL (HH = Higher Highs, LL = Lower Lows). Since this moment BTC has contacted the Dinamic liquid zone 2 times and to get to the right shoulder liquid zone (our target) it has to overcome it (if you are more confident about calling it RESITANCE, it's fine, the concept it's pretty much the same). Once it overcomes, after a little BASE phase (consolitation and verification of support), if the support doesn't brake, we can expect a big took of liquidity exactly in that right shoulder liquid zone followed by a big drop (this because beeing a liquid zone).
I want to mention another thing, If you look closely at the volumes in this "UPTREND", you can actually see that volume values are really low and this could mean that it's all about banks that are trying to grab little investors that see this new "UPTREND" as a re-rise of BTC...
Comment down below, I will be glad to read your opinion!
In these two past days BTC closed 2 green candles: one engulfing with lower volume and one bullish "hammer" with higher volume ("hammer" is considered a candle with long shadow and little body that should not sit below the 30% of the longest shadow: if the logest shadow is above, it's said that this is a sign of bearish strenght, if the longest shadow is below, it's sign of bullish strenght).
This not obviusously means that BTC it's now going to touch the space, but it's something that it's related to my point of view on what will happend next.
In the graph I've traced some liquid zones that will help us in tracing the ideal movements of BTC.
We can surely see that we are in a sub-UpTrend mede by those HH and LL (HH = Higher Highs, LL = Lower Lows). Since this moment BTC has contacted the Dinamic liquid zone 2 times and to get to the right shoulder liquid zone (our target) it has to overcome it (if you are more confident about calling it RESITANCE, it's fine, the concept it's pretty much the same). Once it overcomes, after a little BASE phase (consolitation and verification of support), if the support doesn't brake, we can expect a big took of liquidity exactly in that right shoulder liquid zone followed by a big drop (this because beeing a liquid zone).
I want to mention another thing, If you look closely at the volumes in this "UPTREND", you can actually see that volume values are really low and this could mean that it's all about banks that are trying to grab little investors that see this new "UPTREND" as a re-rise of BTC...
Comment down below, I will be glad to read your opinion!