BTC NEXT MOVE
Due to following reasons i think the btc short term move will push us to test the down trend line
1. need of a retrace for previous attack to the new upper trend line that failed and needs a dump to gain more power
2. negative regular divergence in volume and AO indicator in 4h and 1d
3. huge sell walls on 9350-9500 that is a key factor for more pump (closing candle upper the parallel trend)
4. price below MA50
Our strategy
scenario 1 :: due to the period of time btc was in sideways we expect a sharp move toward the first target around 8800-8900 i expect a good push from this support toward 9100 level if it can pass this resistance with good volume it will push the price to 9800 level
scenario 2 :: if we can`t push the price from 8800 upper 9100 the 8300-8500 level activates as a level that btc can gain enough power for the 9800 level
FYI any 4hr candle close above 9500 will terminate this setup and automatic long pump to 9800 and above
1. need of a retrace for previous attack to the new upper trend line that failed and needs a dump to gain more power
2. negative regular divergence in volume and AO indicator in 4h and 1d
3. huge sell walls on 9350-9500 that is a key factor for more pump (closing candle upper the parallel trend)
4. price below MA50
Our strategy
scenario 1 :: due to the period of time btc was in sideways we expect a sharp move toward the first target around 8800-8900 i expect a good push from this support toward 9100 level if it can pass this resistance with good volume it will push the price to 9800 level
scenario 2 :: if we can`t push the price from 8800 upper 9100 the 8300-8500 level activates as a level that btc can gain enough power for the 9800 level
FYI any 4hr candle close above 9500 will terminate this setup and automatic long pump to 9800 and above
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