Bullish scenario, pump before dump

15 thg 5, 2022

I believe btc will fill the imbalance area and if it breaks the 0.618, further down is likely. This is consistent with liquidations, which I will post in the update. Please, read the updates for possible invalidations and subsequent change of course. Being agile is important, nothing is 100% and as LUNA taught us all, fundamentals do matter as well such as fundamentally multiplying the supply or price increasing multiplicatively after each BTC halving (and crashing afterwards).

Know what you are buying out there and be safe!

15 thg 5, 2022

Ghi chú

As the liquidation levels suggest, the 0.618 and the 50x long zone (lighter solid green colour area) have confluence. If this is broken I believe we will go lower to either fill the imbalance zone between 20k-22k.

If 20k-22k is broken, the next area to look at would be the 0.786 in the 100x long zone (dark green solid colour area) at 16.35k

15 thg 5, 2022

Ghi chú

Zoomed in

16 thg 5, 2022

Ghi chú

Looks we are losing momentum, we have a lower low on the daily and a close today below 29200 would seal in more bearishness to come, in my opinion