New #Bitcoin Bull Run i will fly 5 of my subscribers First Class to Dubai where you will stay in a 5 star hotel and i will teach you for 1 week exactly how to become a #crypto millionaire 🔥🌎✈️
Now is not the time to go all in, thinking this is the bottom on #Crypto .. We have yet to see :
- A macro higher high and higher low (Market structure trend change)
- Bull volume coming in
- Spot buys on the increase
- Completed corrective structure
Patience legends 👑
$BTC
Is this projection playing out?
The psychology of the move is there.
Those big influencers that are most of the time wrong, they're calling the bottom now. Retail is getting excited.
We've had a nice run to the upside this week, mid-week reversals are common. Take profit
What I see:
-Bearish retests everywhere.
-Hidden bearish divergences on several timeframes.
-Bounces showing clear bull trap characteristics.
-Supply coming in (a lot)
-People euphoric with price at 16ks...
12000-14000 is a matter of time. 40-50% drop on average for altcoins.
#Bitcoin never retested $10k when it first broke above resistance and started pumping back in Oct 2020.
The $9k-$10k price area is also where the massive double top reversal pattern started and that's where it should complete now.
Here's what the bottom might look like:
Bulls get motivated and arrogant for a tiny bounce that clearly looks like a trap. This reinforces the idea that the previous dumps were tests, and the real dump is yet to come.
Bottom is not in yet.
$BTC current liquidity situation:
HTF liquidation chart is bullish as it shows that there aren't really many more liquidations below current price.
However, orderbook shows a high amount of orders (buy orders, SL...) at $15k, and especially at $14k. Market wants liquidity.
$BTC / $USD - Update
Once we lost the support zone at $17,700 we had just entered the next range where we have the values :
Range high : $17,300
EQ : $13,850
Range low : $11,100
While we are below the range high, these are the levels to work with. EQ test minimum coming up ‼️