Previously BTC broke downside our strong structure and followed our 2nd scenario exactly (previous chart linked), this shakeout happens in order to liquidate late and overleveraged longers.
Present Condition:
AS mentioned on chart BTC has again entered a local confluence area(factors mention on chart).
A successful rebound from this area can easily get us to the target area mentioned, whereas downside breakout will lead to another retest of lower levels for liquidity garb and long liquidations before next leg up.
Present Condition:
AS mentioned on chart BTC has again entered a local confluence area(factors mention on chart).
A successful rebound from this area can easily get us to the target area mentioned, whereas downside breakout will lead to another retest of lower levels for liquidity garb and long liquidations before next leg up.
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