BTC MASS PSYCHOLOGY IMPENDING
Updated
BTC has broken out of the 14k strong resistance with a nice impulse on the LTF view, but on a close analysis on the HTF, we can see that BTC broke this resistance correctively. This might therefore trap a lot of traders for the impending short especially traders who trade based on support and resistance. BTC from a closer look might not break past the present zone and might therefore go down to the 12800 zone. Whatever it does there would determine if it would go lower or retest the present region.
Please I am not a financial advisor. I am just thinking out loud. Feel free to comment and like if it goes accordingly.
Also, remember to check out my previous ideas. Thanks.
Please I am not a financial advisor. I am just thinking out loud. Feel free to comment and like if it goes accordingly.
Also, remember to check out my previous ideas. Thanks.
Trade closed manually
BTC continues to move up with some impulse probably due to fundamentals. The trade was closed for a possible reentry when rejections are seen or when a bear flag forms on a microstructure
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