Arko87

Arko87

Environment * Macro: Downtrend (falling wedge, short resistance, look for test of support of wedge. * Swing: Eyeing daily support for possible bounce. Look for continuation and signs of weakness, we might get a bounce now some leverage is flushed out and whales filled their belly. This could mean the whales that missed out still need a small nudge down and we...

Arko87

I see a lot of hopium in the market. But if this technical pattern plays out we're in for some serious trouble...

Arko87

A few observations: 1. The 41k support and resistance level is again playing a major role in the future direction of BTC. 2. It is the first time we break the 400D MA since March 2020 signalling we are an interesting area. 3. A bounce following the third Wyckoff accumulation in a row might relight some fire and bring back volume. BTC is fundamentally in my eyes...