FA:
- G20 summit (markets been pumped prior to that event - dump on event)
- CME futures expire
- FED reduction
- 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event)
TA:
- notice very strong trend channel of entire correction since 6300$
- two gann fans supporting possible outcomes
- RSI bearish divergences
- RSI bearish historical resistance
- Stoch turning down
- EMA100 (2H) on the top of channel - 4180$
- EMA10 (1D) on higher line of the top of the trend channel - 4410$
- EMA10 crossing down EMA100 on 1W
- already 2x 4D 10h intervals before falling
Conclusion:
- BTC and other markets been artificially pumped pre event this week, and my expectation is that they will dump right before.
- One exception here is Consensus event that was known to pump crypto during entire conference of Consensus conference editions.
- BTC could break higher of course eg. as Gann fan indicating 5.1k till Friday, though I am not really TA enthusiast after all I wrote. Was looking to support my FA and price action bias, to be precise.
- G20 summit (markets been pumped prior to that event - dump on event)
- CME futures expire
- FED reduction
- 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event)
TA:
- notice very strong trend channel of entire correction since 6300$
- two gann fans supporting possible outcomes
- RSI bearish divergences
- RSI bearish historical resistance
- Stoch turning down
- EMA100 (2H) on the top of channel - 4180$
- EMA10 (1D) on higher line of the top of the trend channel - 4410$
- EMA10 crossing down EMA100 on 1W
- already 2x 4D 10h intervals before falling
Conclusion:
- BTC and other markets been artificially pumped pre event this week, and my expectation is that they will dump right before.
- One exception here is Consensus event that was known to pump crypto during entire conference of Consensus conference editions.
- BTC could break higher of course eg. as Gann fan indicating 5.1k till Friday, though I am not really TA enthusiast after all I wrote. Was looking to support my FA and price action bias, to be precise.
