A 1 off Pump? Bitcoin Profit Taking -> ₿
Zaktualizowano
BTC Bulls
Investors - " We want a pump back to all time highs to earn money "
Institutions/Insiders -
1) " We want pump as well to earn money, but we must wipe out investor accounts and create a reset in price.
2) " We will clear out the bull investor liquidity first. When there is blood in the streets, we may consequently re-stock our inventory of BTC and maybe we will pump to all time Highs"
3) " Or we will simply create a reset in price once again"
There are a few types of fish. Stay 1 step ahead and plan your participation in the market. It may take a while to learn what works for you. But once you do, you can survive and grow you account ever-increasingly with a repeatable process in place. May gold line thy pocket with time and patience. Time and patience are the 2 greatest of warriors. Say no more.
We may anticipate a retest of weekly support level 26,770 before a continued pump on bitcoin. Alot of players may be willing buy at these prices because of a fear of missing out. This could be the very reason why we will see a decrease in price. In the short term I am anticipating a return back into our Daily Timeframe range between 27,403 $ Resistance and 26,334$ Support
Investors - " We want a pump back to all time highs to earn money "
Institutions/Insiders -
1) " We want pump as well to earn money, but we must wipe out investor accounts and create a reset in price.
2) " We will clear out the bull investor liquidity first. When there is blood in the streets, we may consequently re-stock our inventory of BTC and maybe we will pump to all time Highs"
3) " Or we will simply create a reset in price once again"
There are a few types of fish. Stay 1 step ahead and plan your participation in the market. It may take a while to learn what works for you. But once you do, you can survive and grow you account ever-increasingly with a repeatable process in place. May gold line thy pocket with time and patience. Time and patience are the 2 greatest of warriors. Say no more.
We may anticipate a retest of weekly support level 26,770 before a continued pump on bitcoin. Alot of players may be willing buy at these prices because of a fear of missing out. This could be the very reason why we will see a decrease in price. In the short term I am anticipating a return back into our Daily Timeframe range between 27,403 $ Resistance and 26,334$ Support
Uwaga
Price is moving in accordance with our outlined arrows. I was anticipating a sort of double top to form before we see any real sell pressure arrive here on BTC. Is the sell pressure enough to push us back inside our Higher time frame range between Daily Timeframe range 27,403 $ Resistance and 26,334$ Support!? Safe Trading.Uwaga
The Comment above goes along with this Update ^^ Is Price just doing a bullish break and retest of previous Higher time frame level 27,600 weekly S/R Zone? I am anticipating the opposite as I believe sellers may be setting up to take price back into the range. Uwaga
Our Analysis was correct about price returning into the 27,403$ and 26,334$ Daily range. We have seen profit taking on Bitcoin as this is the third daily bearish candle in a row. Price is currently testing the 27,155$ 4Hr Level and may soon retreat to the our Weekly support level 26,770$ before seeing any sustainable bull liquidity to step into the market. This move was anticipated as It was not hard to conceive the idea of some players buying the high on bitcoin after it has pumped. Uwaga
This is the culmination of years of hard work. Don't think for a second that I didn't sweat, cry, and bleed for this order. Making sense of these chaotic and ruthless charts. I'm not where I want to be, but I am pretty darn close. Safe trading. Thank you forex gods. thank youu. Uwaga
Now Since we have arrived at our Weekly level 26,770 this quote from the original publishing is now especially relevant . " 2) " We will clear out the bull investor liquidity first. When there is blood in the streets, we may consequently re-stock our inventory of BTC and maybe we will pump to all time Highs" Be wary bears because BTC Bulls may want to re-accumulate long orders around here as we can observe price pivoting at a siginifcant area on our chart. 
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