I don't think it looks good for BTC. The question is not if there will be a crash, but when. I think the big ones are investing heavily in order to cash out huge afterwards. I wait for a spike (lev 3 or higher) to go down afterwards, reverse to liquidate the shorts again and aftern the liquidation of the longs will follow. Investing hard in buying to sell after with a very lucratif profit at the end. I'm curious (:
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If greed is your motivation, liquidating the shorts on lev 3 seems the most logical: But it's a game and it has to stay exciting. What price has been determined and set? We will know very soon
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Previous update I indicated lev 3, of course that must be lev 4
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Lev 4 is taken out. Hunting the next level or a fast rejection (strong momentum)?
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Uptrend is no longer supported: Volume is going down while price is going up
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Up to level 5? Missing momentum at this moment.
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Up to level 5, the last one to take out liquidity Shorts. After we go down or we stay in a bullish trend. No entry before i'm 100% convinced. Patience is key!
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Apparently we keep ranks at this level. Liquidity is completely absorbed. Are we going to level 5 which I doubt. When momentum increases, it seems to me that the decline has started
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After studying the map, it seems we are not ready to descend yet. A lot of liquidity has been burned, but it's not over yet. Level 47677 is not taken as I expected. I bet on another try with a spike that really soaks up everything. Patience (:
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48166 is the highest price to spike, or we go up or we go down at this price
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This level has been hit but I'm missing momentum. But you never know with BTC. Do we continue up to 50000, symbolically round number? We remain attentive
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Still no entry for me, too risky. I don't trust the current situation. Let's wait and see
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As long as we're in a range, nothing can be decided. No entry for now.
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Large engulfing candle, but still no entry for me. This is not the momentunm I want to see.