Hey Traders!
It's been a while since I published a chart... but I am still analyzing the markets live every single day for my students :)
Let's hop right into it
There is a very obvious liquidity pool beneath the 5900 price point within the data feed our MT4 Margin Trading Brokers use (BitFinex)
It would be of NO surprise to me if we see further bullish movement towards the HALF LEVEL of 6500 considering what price looks like on the DAILY/WEEKLY timeframe
I would expect to see this bullish movement happen, followed by a sweep of liquidity to the lows before we get confirmation on what the next move for this crypto pair is.
This is a general market commentary on the Technicals - there are of course many fundamentals driving BTC right now such as the decoupling of altcoins, upcoming institutional adoption with Fidelity, the USDT Premium vs Non-Tethered Exchanges, etc.
Stay safe in the markets.
It's been a while since I published a chart... but I am still analyzing the markets live every single day for my students :)
Let's hop right into it
There is a very obvious liquidity pool beneath the 5900 price point within the data feed our MT4 Margin Trading Brokers use (BitFinex)
It would be of NO surprise to me if we see further bullish movement towards the HALF LEVEL of 6500 considering what price looks like on the DAILY/WEEKLY timeframe
I would expect to see this bullish movement happen, followed by a sweep of liquidity to the lows before we get confirmation on what the next move for this crypto pair is.
This is a general market commentary on the Technicals - there are of course many fundamentals driving BTC right now such as the decoupling of altcoins, upcoming institutional adoption with Fidelity, the USDT Premium vs Non-Tethered Exchanges, etc.
Stay safe in the markets.