Hey guys I hope you're good,
Today I want to tell you a story, The story of Bitcoin price.
If you wanna understand the story better read it in the chart and read it in Numerical order.
1. price broke 2017 ATH, the majority of the market missed this move, and during this sharp rally they were waiting for a pull back to 20k in order to buy.
2. but there was no pull back, of course the expected scenario for majority will not happen.
3. whales accumulated here before sending price higher, they didn't want lower price for bitcoin because they didn't want the people to jump on the train, they need people to fomo at higher prices in order to sell their deep pockets!
4. Guess what?? here Tesla announced they bought BTC!
here's the FOMO which Whales needed.
5. Whales started to sell their bags in this area.
6. it looks like last high was a target for buyers.
7. Here Whales decided to send price to last highs again
8. In one of these zones a lot of money had been spent to send price above 2021 ATH.
9. People haven't forgot yet what happened after last time BTC broke it's ATH, And They don't want to miss the train again. So next time when price is above ATH a lot of dumb money come in as buy. And this is the liquidity Whales needed to send price down.
10. price ignored this zone in return, so these kink zones are very important.
11. price engulfed its prior decision base, which means Whales want lower Bitcoin prices but before that the retailers have be shaken off the market. So we'll wait for a fake out to the upside.
12. Whales have spent a lot of money in this area in order to send price above last ATH and price hasn"t returned to these zones yet. So at least we can expect a return move to these zones before seeing Bitcoin in lower prices.
13. Conclusion:
- At first we expect a move to the upside so as long as BTC is in his base there are buying opportunity in Crypto market
- Our target will be somewhere between 55-62 zone, We will become cash and will stay out of the market in that area.
* If you like this idea please hit like button and let me know your opinion about it in the comments down below.
** This was a idea based on smart money concept and RTM (price action) style.
*** Please note that this is not a financial advice and always do your own research for your own investments.
Today I want to tell you a story, The story of Bitcoin price.
If you wanna understand the story better read it in the chart and read it in Numerical order.
1. price broke 2017 ATH, the majority of the market missed this move, and during this sharp rally they were waiting for a pull back to 20k in order to buy.
2. but there was no pull back, of course the expected scenario for majority will not happen.
3. whales accumulated here before sending price higher, they didn't want lower price for bitcoin because they didn't want the people to jump on the train, they need people to fomo at higher prices in order to sell their deep pockets!
4. Guess what?? here Tesla announced they bought BTC!
here's the FOMO which Whales needed.
5. Whales started to sell their bags in this area.
6. it looks like last high was a target for buyers.
7. Here Whales decided to send price to last highs again
8. In one of these zones a lot of money had been spent to send price above 2021 ATH.
9. People haven't forgot yet what happened after last time BTC broke it's ATH, And They don't want to miss the train again. So next time when price is above ATH a lot of dumb money come in as buy. And this is the liquidity Whales needed to send price down.
10. price ignored this zone in return, so these kink zones are very important.
11. price engulfed its prior decision base, which means Whales want lower Bitcoin prices but before that the retailers have be shaken off the market. So we'll wait for a fake out to the upside.
12. Whales have spent a lot of money in this area in order to send price above last ATH and price hasn"t returned to these zones yet. So at least we can expect a return move to these zones before seeing Bitcoin in lower prices.
13. Conclusion:
- At first we expect a move to the upside so as long as BTC is in his base there are buying opportunity in Crypto market
- Our target will be somewhere between 55-62 zone, We will become cash and will stay out of the market in that area.
* If you like this idea please hit like button and let me know your opinion about it in the comments down below.
** This was a idea based on smart money concept and RTM (price action) style.
*** Please note that this is not a financial advice and always do your own research for your own investments.