Bitcoin BTC price confuses everyone, and only 1 side wins
Updated
For more than 2 weeks, MM has been skillfully moving the BTCUSDT price in the range of $30-31k and "removing" the stops of both longs and shorts below and above this range.
We are betting that the exit from this trade will be upwards, at least to $32300-32500.
"Accidentally" on the upside, the price of BTC can be pushed higher to the targets we wrote in this idea.
Still, it seems to us that in consolidations from below are better and more confident in buying back the BTC price. And before that, the BTCUSD price falls easily because MM allows it and drives "small money" into short positions.
One example is the FUD of 30.06 about the failure of the Btc Etf Blackrock, the price fell exactly where it was profitable for MM and rebounded sharply upwards).
Well, we placed our bet: "Croupiers, spin the wheel" :)
Have a great weekend!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
We are betting that the exit from this trade will be upwards, at least to $32300-32500.
"Accidentally" on the upside, the price of BTC can be pushed higher to the targets we wrote in this idea.
Still, it seems to us that in consolidations from below are better and more confident in buying back the BTC price. And before that, the BTCUSD price falls easily because MM allows it and drives "small money" into short positions.
One example is the FUD of 30.06 about the failure of the Btc Etf Blackrock, the price fell exactly where it was profitable for MM and rebounded sharply upwards).
Well, we placed our bet: "Croupiers, spin the wheel" :)
Have a great weekend!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trade active
If we believe the fractal from the idea of the total capitalization of the crypto market, then another +100 billion $ to the capitalization would be great.This is a chance for growth not only for the BTC price but also for many altcoins.
Note
Consolidation continues, as long as the BTCUSDT price is above $29500, the trade is relevant and the chance of a BTC price hike to $32650 is relevantNote
After 4 hours, the "fresh" US CPI is announced. This trigger is expected by many financial markets, including the crypto market.The forecast is a decrease from 4% to 3.1%.
If 3.1%, 3.0%, and lower are announced, the markets will get the green light to grow.
If 3.2%, 3.3%, and higher are announced, there will be at least a short-term market decline.
Our "bet" on the BTCUSDT price movement has been unchanged for more than 2 weeks, we expect a breakout from consolidation to the upside.
(stops for long positions should be set below $29500)
Note
U.S. CPI (YoY): 3.0% (forecast 3.1%, previous value 4.0%)All conditions are in place for growth, it's up to the market to take it from here
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.