BTC to drop down between 3200 and 2900
Expecting BTCUSD to drop down to 3200 (at least)
The reason is the second supply test, to check how many traders are willing to sell under 3.200$.
If offer is non existent, we will see a big green candle (with volume) at 3.200 levels.
If demand isn't strong enough, 2.900$ levels may be tested.
We are in an accumulation stage, and for accumulate assets, someone has to sell them (offer). If offer doesn't show up at 3.200, lower levels will be tested.
The reason is the second supply test, to check how many traders are willing to sell under 3.200$.
If offer is non existent, we will see a big green candle (with volume) at 3.200 levels.
If demand isn't strong enough, 2.900$ levels may be tested.
We are in an accumulation stage, and for accumulate assets, someone has to sell them (offer). If offer doesn't show up at 3.200, lower levels will be tested.
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