In my previous post about btc price prediction BTC Price I said that btc will go down to 64,500. Why did I said that?
I have a few posts about Fair value gap where told about this in details. The price most of the goes for this kind of gaps. Which are usually formed because of the big institutions. These gaps are like a sign that big money came in here and it works like a magnet.
Another confluence was that the $BTC price is in the edge of the bullish trend. For retail traders that is a buying signal. And most of them will put their stop loss below the 64500 price. Because if the price could break that point it can indicate bearish movement(from retail point of view).
It was a good profitable day for me. The price can still go down further. I am currently holding bearish sentiment untill price takes out the sell side liquidities.
If you have any questions or suggestion please free to ask in the comment section.
