EnvisionEJ

BTC-Building orders before the next move

BITMEX:XBTUSD.P   Bitcoin
Good Morning traders!

Today we will have a quick look at the BTC chart. Everything is based off of the BTC PA. Alts may move for a short while breaking the coloration to BTC, but they always revert to the mean-following BTC.

BTC continues to build orders much like ETH, I can see a deep pullback on the cards into the green area before the bullish run continues.

Retail traders will stack stops in obvious places and whales and institutions will see this, this provides an area for this market movers to target.

As always trade safe.

EnvisionEJ

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