BTCUSDT 4HR FEB WK #2
BTC has moved with conviction as stated previously (linked idea)
Friday price increase causes some concern as MM tends to revert price to its mean (50 ema)
Monday possible scenarios
#1 Stop hunt rise NY session 3 attempts to induce retail followed by retrace Tuesday/Wednesday and continuation lower completing the previous W pattern idea
#2 price test the 4hr 200 & 50 ema cross. failure = test of $39500/success =$43500
#3 dependent upon the 600 BTC at 30K (order book spoof still?)
That range weekly low is a nice tumble
Friday price increase causes some concern as MM tends to revert price to its mean (50 ema)
Monday possible scenarios
#1 Stop hunt rise NY session 3 attempts to induce retail followed by retrace Tuesday/Wednesday and continuation lower completing the previous W pattern idea
#2 price test the 4hr 200 & 50 ema cross. failure = test of $39500/success =$43500
#3 dependent upon the 600 BTC at 30K (order book spoof still?)
That range weekly low is a nice tumble
