Yo guys, I am reluctant to share this with you as I have been banging on about avoiding the charts till the news gets released…
But we are responsible…
Take the image above…
On the assumption that we have hit a resistance above and that the market makers have committed enough longs to the upside for them to use the news to attack previous pools of liquidity to the downside…
What are the chances this play above plays out…Our projection of bitcoin heading towards the 38682 zone was missed by 100 dollars…Not a bad play…
This current set up is based on the fact that they make a run towards the liquidation points of the longs..
AGAIN…Be Careful…
I am sharing this to give you my point of view on the reasoning as to why they may bring price down…
The news may induce a move higher, but as I said, will this move be sustained….
Lets see what they do…
Mad Love
T
Our projection
