Yo gang…
So Btc has come to my attention and i sense that something is happening.
The chart on the left is the market cap…Notice how price has aggressively hit the lows..
It has broken all ema’s and it is showing me the example of aggressive behavior at key notiable areas to shake off the traders who are buying into the idea that everything is about to pump up…
Pay close attention to the monthly candle close of bitcoin…
There are wicks from the past two months that have yet to be recovered.
We are effectively waiting for the zone to stabalise and shift out.
From now till the start of the week, price may hold in this zone…
the 15m time frame is showing multiple vectors at the highs…
What is the market maker doing…
Draw off the key notable areas…Whole and Half numbers…
Find the points in the chart that are distinctive to you and determine how long they will decide to mark price down before they snap things back up?
If you look at the Market cap chart…you can see that price has not broken down from the previous accumulation area…Both BTC and Market Cap chart need to hold above and within this zone for us to understand that the market maker is preparing more longs at lower prices…
Let’s see how this one plays out…
Remember…Add confluence to confluence…
Mad Love guys
T
