💡 Ideas For #BTCUSD 🪙
📈 Manipulative ShortSqueeze. When to prepare for growth?
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BTC is not falling below 50K, which is expected by many. The flagship continues to consolidate (which has been going on for half a year now) and accumulate potential at the expense of some traders or another, mostly at the expense of sellers. Why am I being positive?
📈 Manipulative ShortSqueeze. When to prepare for growth?
———————————————
BTC is not falling below 50K, which is expected by many. The flagship continues to consolidate (which has been going on for half a year now) and accumulate potential at the expense of some traders or another, mostly at the expense of sellers. Why am I being positive?
In the second half of August, BTC tried to move into the realization phase and headed towards 70K, but ran into a block of limit orders (resistance) at 65K - MM is not ready to let the price go. Having formed a double top, the price returns to the range confirming the fact of false breakdown and liquidation, as a consequence of such actions MM has an interest - liquidity from below (for this reason I am waiting for initial decline with subsequent growth). The chart above shows the key zones and possible scenarios to pay attention to when forming your strategy
There is no constructive reason for the formed fall and therefore this movement can be considered purely manipulative, the purpose of which may be to buy up the asset through panic selling as well as prolonged accumulation before realization.
There is no constructive reason for the formed fall and therefore this movement can be considered purely manipulative, the purpose of which may be to buy up the asset through panic selling as well as prolonged accumulation before realization.
Resistance levels: 59600, 60500
Support levels: 58700, 57900, 57736, 56078
The market is still strong but in a range. Any attempts to sell-off are aggressively bought out by whales (liquidity withdrawal). On W1-M1 a stop is forming after a strong rally, which is considered as a controlled consolidation within the bull cycle, which is far from ending. The high probability scenario of that technical nuance is an upward distribution of accumulation
Support levels: 58700, 57900, 57736, 56078
The market is still strong but in a range. Any attempts to sell-off are aggressively bought out by whales (liquidity withdrawal). On W1-M1 a stop is forming after a strong rally, which is considered as a controlled consolidation within the bull cycle, which is far from ending. The high probability scenario of that technical nuance is an upward distribution of accumulation
