Bullish BTC EOY outlook
The least active time in the legacy markets are during the summer months as all the traders are vacationing and the office is slow moving.. This is especially true during COVID as employees are being forced to take vacation or lose their days after being in lockdown earlier in the year. As fall is approaching more employees the number of employees OOO is at a minimum; naturally this correlates with trading activity starting to pick back up.
I'm predicting BTC to have one final leg down to capture the support liquidity block (green) and then forcefully move into resistance liquidity block (red), but get rejected. BTC will go sideways for a couple weeks and eventually break through the resistance block (red) before the EOY.
I'm predicting BTC to have one final leg down to capture the support liquidity block (green) and then forcefully move into resistance liquidity block (red), but get rejected. BTC will go sideways for a couple weeks and eventually break through the resistance block (red) before the EOY.
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