BTC might drop to 18k to 15k to consolidate and collect supply of retail traders and banks. Then keep on chopping between ranges until may 2024 facing the btc halving which could influence the supply and demand of the BTC. until then, we might be have touched the 200 EMA and bounce off it. furthermore, the economic crisis, Ukrainian war might be over and the...
btc has already hit the 200 ema (4hrs). been standing still and consolidating. due to low volume caused by lunc futures trades, btc seems weak. once lunc dumps bel0w 60 support. volume might increase into btc in the weeekend and we might see scam wicks. might scalp btc between local resistence and local supports. this is only a scalping idea!!!!!! dyor allah...
BTC has been showing bearish signs recently. With Terra buying BTC (over the counter ONLY). The pump expected did not result in any uptrends. BTC's pullback is a must I believe and we are heading back to 37k minimum if not 34k. This is a healthy correction on the long term basis. BTC has to collect more liquidity which exists below 37 to get an impulse or bounce...
FOMC meeting is soon. BTC might face volitality and there might be a blood bath of down wicks tomorrow and next two days. if the BTC breaks the support it could direclty fall back to 37k taking all other coins with it down. This is a scenario for BTC's down wicks if reaches 37k or below. MANA's FIB retracement is the last support to collect liqudity and pullback...
BTC update shows that btc will get us a pullback to fib retracement