#BTC , A good movement here, the idea was that the BULLS would not go beyond $41,500, and they went up to $42K, anyway they have already started to be rejected there, and today is fundamental for the development of next week, so stay keeping an eye on today's close, as the BULLS must stay above $40,800 or else it will all be for naught here, and we will be down to $39,500 again!
There are only 1D and 11H left until the weekly close, which is really bad for the BULLS, as the price RIGHT NOW IS at $41,750 which is an important price and the weekly must be closed above that at all costs. If we then look at MONTHLY, things are not going well either, see that there are 4D and 11H left until the MONTHLY close and the price is below $42,200, which is really risky for the BULLS and they should try to take the price in less than a week above that, or we run the risk of starting February already plummeting towards $35k.
We will have some important reports from the #SEC over the next week, and then this should impact prices directly, so this will be an important end of the month for both sides here in #bitcoin .
Until now, the entire climb up to here (green band on the graph) was as expected and is within the plan, but unfortunately we arrived at this point precisely on a weekend, so it is likely that we will have the same lateralization as before (within the red band in the graph). And then we can start Monday by coming back down here.
(There is a strong possibility that the price will still seek higher points as large SELL orders accumulate above $43K, but this will not change the game, as any movement higher beyond that is only to seek liquidity, as There are few players on the weekend, so if you are not in the game and want to enter here, wait for a SELL SETUP and execute it.
The BUY and SELL order book are practically at the same prices as yesterday (only less), so there's nothing to mention about that!
Send it $37,300!!!
Patience is KEY here!
(#SHARE THIS GRAPHIC IF YOU CAN!)
