I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts
- There's Bearish FVG that will need to be filled eventually which is above 25k.
- Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled .....
- #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k.
- If we reject again off of the strong high, we could see price action test that low at 15k.
200 MA is key which aligns with the 25k area ⌠If we convingly lose it the bottom is in.
- With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again.
This area 25 is gonna tell us everything.
There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time.
Ended up being a fakeout & the bottom wasn't in.
So Food for thought, this could very well be one of those times, again.
- There's Bearish FVG that will need to be filled eventually which is above 25k.
- Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled .....
- #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k.
- If we reject again off of the strong high, we could see price action test that low at 15k.
200 MA is key which aligns with the 25k area ⌠If we convingly lose it the bottom is in.
- With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again.
This area 25 is gonna tell us everything.
There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time.
Ended up being a fakeout & the bottom wasn't in.
So Food for thought, this could very well be one of those times, again.
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(Last time it got rejected at 23-25k it fell all the way back to 15)
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( Bitcoin could do the same thing it did previously, reject, or trade above 25k for a fakeout, just for price action come back down to 15k.
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We previously had a fakeout before, trading above the 200MA, just for it to crash back down to 15k. We could very well be in the same situation, just for bitcoin to cash even lower. 15K isn't a strong resistance area
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"There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time. Ended up being a fakeout & the bottom wasn't in."
Exhibit A)
Exhibit A)
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Exhibit B)
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Exhibit C)
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$BTC The higher the pump
the harder the dumpđ€·ââïž
the harder the dumpđ€·ââïž
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The other alternative if the bullish pennant fails. $BTC does kinda look exhausted so be prepared for a move in either direction
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$BTC heading to 20-21k area
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..MM's artificially pump the market to lure ppl in before the real drop.. like they've been doing previously. #Bitcoin has all the characteristics of being in the Wykoff redistribution phase.
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$BTC on weekly... 17k already priced in
