Is BTC Preparing for downward move ? correction have taken place
Updated
Hello Friends ,
Thank you all for prioritizing My idea. Hit the like button and also follow for new update.
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let's check overview of chart :
here we can see 4 major area zero where no trading activities founded ! Both buyers and sellers do not consider this area favorable !!!
we have 2 value buyer zone and seller zone . we can see by this value that who is in power.supply or demand ?
channel, haven't break resistance , btc have made tail and back from resistance area.
after big upward move ,, now bitcoin have started price correction i am not exception 10k in any position,,,
here you can see big bullish candle but with very low volume ..it means here generated fake volume and now we should ready for big fall which will touch to magnet line "M 1". may be price correction will take time but we Must have to ready for big move,
(+)Fake Breakout point
we can see channel have broken but their is something wrong because volume spike is not high . you can see i have describe it as *star*
we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" .
If you are going to short then your target Should Not be Bellow M 1.
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Don't worry i will update every move.
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i think BTC preparing for fall. but we should wait for last step of correction and it will give signal of downward move.
Thanks for your valuable time.
Note
Resistance have been broken ... Correction Results : new resistance Decline of downward move
Fundamental : new hedge fund for investors by Hong Kong.
Note
We can see that downward move in just some dayNote
Overview : correction have selected upward scenario. 9199 to 9495 .End of correction.
More before dump
Note
The move which we were waiting for..... Expecting lvl :8500...
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