Bitcoin Update
This looks like liquidity engineering to me.
We need a clear liquidation hunt, wrecking retail traders, in order to make our next energetic leg up. (If we make one at all)
When liquidity is being engineered a level get’s tested many times, in order to draw the image of a strong “support level”.
Market manipulators aim for those levels in order...
A few weeks ago I showed you guys an image of what this cycle its dips constantly looked like.
I will break it down once more;
1. Rally
2. Crash
3. New High
4. Market Correction with consolidation between high and low
6. Capitulation, taking the crash its low
7. Continuation of uptrend
Image below for reference;
Looks like we're going to be seeing this...
A few weeks ago I published an idea. Here I projected a scenario in which we would wipe out the liquidity resting below US$ 59.200. This has not happened yet, deviating from a pattern that has been driving this rally it's growth until now (three times already). History doesn't necessarily have to repeat itself, but I do find it kind of scary. I feel like it's...
Recurring patterns
This is a perfect visual of liquidity manipulation in the crypto market.
A now three time recurring pattern where we see a high, range low, new high, followed by a liquidity run taking out the range low, followed by a run averaging three times the size of the range.
One more time for clarity;
- Range high
- Range low
- Range High get’s taken,...
Here's my $BTC projection for the next few weeks.
I'm expecting one more touch point with the resistance taking us to $70/71k, after which we'll dip for a few weeks and then we start rocketing out of the orbit. I am very bullish for December!
As you can see in the chart, Litecoin has made several huge moves towards the upside after touching the 50 EMA. We've landed on the 50 EMA again today and I'm extremely bullish!
