Bitcoin should start a very bearish impulse shortly, a big selloff is expected.
Retail gets trapped completely on the wrong side of the market
Symmetrical triangle bullish breakout, retail traders stacking long orders
Break previous high inducement
Supply zone
Structure level
Stophunt previous sell orders
Multiple rising trendlines made on the lower levels providing buy side liquidity to go down
Fib 78.6
MA200 daily
Take entry after the LTF only
TP: Fib -27 around $28K lines up perfectly with the break of previous low to induce sellers into the market where we might spike up to test the 30K demand zone, possible bullish reaction expected
Good luck.
Retail gets trapped completely on the wrong side of the market
Symmetrical triangle bullish breakout, retail traders stacking long orders
Break previous high inducement
Supply zone
Structure level
Stophunt previous sell orders
Multiple rising trendlines made on the lower levels providing buy side liquidity to go down
Fib 78.6
MA200 daily
Take entry after the LTF only
TP: Fib -27 around $28K lines up perfectly with the break of previous low to induce sellers into the market where we might spike up to test the 30K demand zone, possible bullish reaction expected
Good luck.