BTC has broke the very strong level of 50k. this ascending wedge or retail pattern could have induced a lot of sells around 50k and they were just squeezed up by this last push.
However I do not believe we are primed or ready to make another significant leg up without taking some more liquidity from our friends who are leveraged long in between 48k-50k.
There is a lot of liquidity resting underneath our obvious retail trend line. I will be looking to buy the fear and have zones highlighted for amazing DCA entries or even day trades with smaller tf confirmations. In any market, the market is designed to make the most amount of people lose. Therefore our opportunities are where the masses stop losses are.
However I do not believe we are primed or ready to make another significant leg up without taking some more liquidity from our friends who are leveraged long in between 48k-50k.
There is a lot of liquidity resting underneath our obvious retail trend line. I will be looking to buy the fear and have zones highlighted for amazing DCA entries or even day trades with smaller tf confirmations. In any market, the market is designed to make the most amount of people lose. Therefore our opportunities are where the masses stop losses are.