Hi Traders,
So BTC came down to the bottom zone as support (see previous post). We saw an over shoot out of the zone as the move down was combined with bearish news from Tesla. We're currently seeing an ice push back up with good buy side volume coming into the market at $46000. We should see a push up towards the 0.618 to continue the bullish trend. However, as the USA's tax decision edges closer it needs to be noted that price es could still come lower depending on the outcome of the decision. There is still some liquidity to be grabbed at the very bottom zone, that if the institutions decide that they need more liquidity before pushing prices back up. Overall, we are expecting prices to create smaller higher lows in the short term or at least see some consolidation after the large move down.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
So BTC came down to the bottom zone as support (see previous post). We saw an over shoot out of the zone as the move down was combined with bearish news from Tesla. We're currently seeing an ice push back up with good buy side volume coming into the market at $46000. We should see a push up towards the 0.618 to continue the bullish trend. However, as the USA's tax decision edges closer it needs to be noted that price es could still come lower depending on the outcome of the decision. There is still some liquidity to be grabbed at the very bottom zone, that if the institutions decide that they need more liquidity before pushing prices back up. Overall, we are expecting prices to create smaller higher lows in the short term or at least see some consolidation after the large move down.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
