#Bitcoin - whats next ?
The big Sunday report, all you need to know:
For more than 8 weeks we speak about the importance of WMA200 ($30.19 weekly indicator, a top high tier indicator that can decide big BTC moves in the coming weeks and months. However, a big change happened this week
🚩 TA/ LCA/ Psychological Analysis: Since the beginning of the month, while everyone start to claim and predict wild price predictions I have been telling you that $BTC will instead move into a sideway movement and grab the two liquidity pools in our range. The liquidity pool at $31.700 was perfectly grabbed two weeks ago, now a liquidity pool remains open at $29.000. However, in the big picture there is more liquidity in the downside than in the upside. In addition to that, WMA200 is lost on the daily chart. Closing the weekly chart below WMA200 is a very bad sign for BTC and supports my idea that BTC needs to see a wider correction here.
First Target: Liquidity pool at $29.000, to take out liquidity and retest EM50 daily. If a daily candle clearly closes below EMA50 you can expect the next liquidity pool at the second target
See more in next page......
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