As anticipated, The DXY made a move above our trend line taking liquidity with it also. Price didn't make this move as soon as we expected that's why it is good to remain liquid, adapting to current market conditions and not forcing price to move as you wish. However we did have a bias and price ended up respecting just that. Price took out liquidity in the market...
There's alot of liquidity above our current price (premium) if price really wants to go lower we can expect price to seduce people in with our current trend line then suddenly spike up, hitting people's stop loss and then pushing down to its intended direction.
Or price could do the complete opposite (Be flexible).
Just by simply reading the price action and the current state of bitcoin I managed to see this. Moreover, the popularity of bitcoin is increasing therefore the market and value will increase. SEE CHART SHOULD BE SELF-EXPLANATORY.
