We experienced a massive dump/correction couple days ago. This was expected as Bitcoin pump to 52k very quickly. We might see an impulse then another correction (may be more) before BTC turn bullish.
I have broken into different zones according to supply and demand based on fear and greed -
Buy zone (Support) - This is a zone where there is high fear where retail investors do nothing, but whales and institutional investors buy and pumping the price up
FOMO zone - where retail invest buying after the pump/reversal
Sell zone (Resistance) - Where big players take profit where high Greed
According to this we might see an impulse towards FOMO/Sell zone then a correction toward the Buy zone 1 again. If that is breached then we can see the price dropping to Buy zone 2.
This is not financial advice please DYOR
I have broken into different zones according to supply and demand based on fear and greed -
Buy zone (Support) - This is a zone where there is high fear where retail investors do nothing, but whales and institutional investors buy and pumping the price up
FOMO zone - where retail invest buying after the pump/reversal
Sell zone (Resistance) - Where big players take profit where high Greed
According to this we might see an impulse towards FOMO/Sell zone then a correction toward the Buy zone 1 again. If that is breached then we can see the price dropping to Buy zone 2.
This is not financial advice please DYOR