Critical point BTC awaiting confirmations
Critical point in the market, Keep a close eye on the signals.
Dear trader and fellow investors once again sharing a little bit about my BTC technical analysis. Beforehand I apologize for the lack of images, as I said we are at crisis point and I do not know if while I make this post may present the continuation of the trend that we are expecting.
in summary... an ascending triangle is presented that does not have enough liquidity to break, it already broke the first time presenting rejections at 31K levels, but we do not know if it went up to exhaust liquidity and collapse, if the upward momentum continues enters validation the asymmetric triangle can be supported at the ema of 40, if it gives continuity to the momentum, we receive confirmations again at 31k.
no changes in institutional sales, watch out for
The price seems stable around 36.5k.
Certainly, it has remained well in the 36K not yet invalidated the chartist figure, but personally running the method of Richard Wyckoff I have some expectation on liquidity, as we are in cumulative stages and may present some bidding by institutions so that the price does not exceed the 41K and complete its accumulation, every time the trader-retail enters into despair, the market is forced with retail sales leaving large wicks in temporalities of a day or 4 hours, thanks for reading and leave a comment
My pleasure. :)