BTC (Y24.P1.E2). More lows to come and here is why

19 thg 1, 2024

Hi traders,

I called this out some time back prior to shorting the top at 49k (refer to my video post).
I now see this level as strong resistance and might find 2 attempts to break it to only fail at the golden pocket along with the daily 21 moving averages.

I have spoken about the CME gap and lower levels of alot of liquidity where the longs have come it....prime target to stop them out, take the liquidity and push price back up.

Question is, is it an ABC wave or an 5 wave count as below with a deeper pullback, not a reversal as I'm macro bullish.



All the best

Regards,
S.SAri

On our forum we have posted these



#CME gap makes sense along with our nPOC







Trendline can be critical at this juncture