BTC climbed to 5500 last week and fell because it came to our big time frame supply level, marked between 5280-5665.
Market participants always work the same way, buying after a rally or selling after a huge drop. What we should do is actually the opposite, selling when the price is high and buying when its low, hence the famous phrase "Buy Low Sell High".
Don't get me wrong, I am also bullish on the BTC LONG TERM! However, it should have a correction before it can push higher.
Watch out for this Bearish Bat on the H4, for those who are holding on to profits, can consider selling first before buying back at Demand Level.
Do like, share and follow us for more analysis like this regularly.
Market participants always work the same way, buying after a rally or selling after a huge drop. What we should do is actually the opposite, selling when the price is high and buying when its low, hence the famous phrase "Buy Low Sell High".
Don't get me wrong, I am also bullish on the BTC LONG TERM! However, it should have a correction before it can push higher.
Watch out for this Bearish Bat on the H4, for those who are holding on to profits, can consider selling first before buying back at Demand Level.
Do like, share and follow us for more analysis like this regularly.