HERES A REASON WHY I THINK BTC NEEDS TO GO TO 28K
1.Clear market shift in 4h frame.
2. Double down in 1h chart with no retest
3.Too much liquidity lying under 19.4
4. When using volume profile i see the imbalance at 20.6-23.2-25.2 up till 28.2
5. Some correction needs to be done before going any lower. If btc breaks my sl it goes straight to 17.6-14.8
6. BTC on supp of 40% retracement level in log chart
7. hammer candlestick( reversal candlestick) on the daily chart
SOME REASONS TO BE BEARISH TOO:
1.Extreme market fear
2. Got rejected from 23k. ( major resistance for now)
ON CONCLUSION :
correction needed to done if we go lower on ltf(since 23k rejection). correction need to be done if we go up( since its coming down rn). correction needs to be done before we drop any lower on HTF. major zone for bitcoin with loads of liquidity
2. Double down in 1h chart with no retest
3.Too much liquidity lying under 19.4
4. When using volume profile i see the imbalance at 20.6-23.2-25.2 up till 28.2
5. Some correction needs to be done before going any lower. If btc breaks my sl it goes straight to 17.6-14.8
6. BTC on supp of 40% retracement level in log chart
7. hammer candlestick( reversal candlestick) on the daily chart
SOME REASONS TO BE BEARISH TOO:
1.Extreme market fear
2. Got rejected from 23k. ( major resistance for now)
ON CONCLUSION :
correction needed to done if we go lower on ltf(since 23k rejection). correction need to be done if we go up( since its coming down rn). correction needs to be done before we drop any lower on HTF. major zone for bitcoin with loads of liquidity
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