As we have seen for the past couple of days, BTC has exploded with strength and volume we didn’t even see when we initially broke above $60,000 in May.
This time we’re seeing an extreme buying volume we suspect to be from institutions.
We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone.
RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish.
This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up.
This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs.
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Best Regards, iSmashProfit™
This time we’re seeing an extreme buying volume we suspect to be from institutions.
We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone.
RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish.
This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up.
This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs.
--------------------------------------------
Best Regards, iSmashProfit™
iSmashProfit
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iSmashProfit
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.