Sells are building on this trend Line.
With the IMB sitting in the 50% of the Daily H4 swing.
Price is around 61k-63k where I Anticipate More Distribution to continue Lower on BTC Below 50K
Once we Swipe the Low at 53500 I will monitor Price to see H4 retracements.
If not I will be waiting the higher range sell Off after People start to buy the next Dip
With the IMB sitting in the 50% of the Daily H4 swing.
Price is around 61k-63k where I Anticipate More Distribution to continue Lower on BTC Below 50K
Once we Swipe the Low at 53500 I will monitor Price to see H4 retracements.
If not I will be waiting the higher range sell Off after People start to buy the next Dip
Note
Now that we have seen the Push down that might make the margin traders move their stops into Profit.Then we see the violent push Higher to Fomo People into Buying...
To take a forceful Push down closer to the 30k Range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.