A Note before reading - this is a forecast analysis - based upon our trading strategy. Please do not take this as face value.
Based on what merit? Good question, based on the fact - from a technical standpoint - the sell off begins with a new equal high peak or a higher high. We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players.
Crypto in our eyes works like rocket fuel, in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
off the back of the last move - we saw a great imbalance fill on a daily zone - in the bottom purple zone [with green ticks]. This created a first fresh touch for buyers.
Where next? Imbalance Two - is still untouched at 25K, so we will still anticipate this zone valid.
Target Upside targets 50k or more!- long term buys.
Zones to watch for long additions. $24,000 - 25,550 imbalance zone
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise.
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