A very clear manipulation by the whales. They keeping btc in the range to hunt stoplosses.
Buyers stoplosses had been hunt and now is sellers' time.
lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip.
They hunted the buyers stoploss below 28k and closed back into the range.
BTC had made a bullish flag pattern and it fake out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby btc made a fake up before going up.
Now , btc is doing a small weird correction before going up to 38k
This is very bullish .
This should be the macro bottom.
Hence, btc should moon from here and target 38k .
First target should be 30k
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Buyers stoplosses had been hunt and now is sellers' time.
lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip.
They hunted the buyers stoploss below 28k and closed back into the range.
BTC had made a bullish flag pattern and it fake out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby btc made a fake up before going up.
Now , btc is doing a small weird correction before going up to 38k
This is very bullish .
This should be the macro bottom.
Hence, btc should moon from here and target 38k .
First target should be 30k
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach