now that btc has hit my 54k target i will be expecting a small bounce to trap th buy the dip traders and the novice retail thinking thw worst has came
if we look at the 3d btc ran too far under the open showing signs that it want to go lower
the 1d
the 3d also has fromed db which is always a target for me bc retail will place limit orders under allowing "them" to use retail liquidity to enter easily
the next 3d open is at 48k but is not a balance which means there is a low possibility that btc will bounce and stay above this area
the 1d has an open at 47781 which will be a target as well
looking on the 904 the move off of the 54k level is not strong at all giving me a reason to be bearish once price finds its targets it should instantly move away with speed usually froming a large wick
however the 6hr is forming a clean balance and it is coming in at the best time (8-9:30) zone for pull backs and reversals
the 15 min is also showing very slow movement at this key time meaning bears are in no rush to close positions
ALSO NOTE THE LOW OF THE WEEK IS ON FRIDAY WHICH IS WHAT WE CALL TIME DIVERGENCE!!
lastly the total crypto market cap formed a bear jefe on THE WEEKLY THIS IS EXTREMELY BEARISH !!!!!1
so overall i see a bearish picture playing out with a small recovery over the weekend to allow retail to gain confidence and get rekt on monday open for a easy trap
stay safe traders more is to come i will update this sunday at 8:pm
if we look at the 3d btc ran too far under the open showing signs that it want to go lower
the 1d
the 3d also has fromed db which is always a target for me bc retail will place limit orders under allowing "them" to use retail liquidity to enter easily
the next 3d open is at 48k but is not a balance which means there is a low possibility that btc will bounce and stay above this area
the 1d has an open at 47781 which will be a target as well
looking on the 904 the move off of the 54k level is not strong at all giving me a reason to be bearish once price finds its targets it should instantly move away with speed usually froming a large wick
however the 6hr is forming a clean balance and it is coming in at the best time (8-9:30) zone for pull backs and reversals
the 15 min is also showing very slow movement at this key time meaning bears are in no rush to close positions
ALSO NOTE THE LOW OF THE WEEK IS ON FRIDAY WHICH IS WHAT WE CALL TIME DIVERGENCE!!
lastly the total crypto market cap formed a bear jefe on THE WEEKLY THIS IS EXTREMELY BEARISH !!!!!1
so overall i see a bearish picture playing out with a small recovery over the weekend to allow retail to gain confidence and get rekt on monday open for a easy trap
stay safe traders more is to come i will update this sunday at 8:pm
Comment:
hit 46 k target will update