Are you surprised with $BTC rise and drop? I am not !
I posted today 2 important posts
First was about the rise to 70 with 2 possible scenarios retest and drop or huge rally ahead and second was about low volume on higher timeframes
But before we deep dive in the analysis, why I got signal on 70 , simply because there was a surge in volume cause volume to
diverge with price
How to know if the surge in volume was buy or sell is tricky question, simply by the pattern follows the drop
If market start to accumulate heavily on 66 then price would rise and break 70 and even 74, here my second post comes in place when I posted there is low volume on higher timeframes which means market isn’t ready for the rally yet and I hoped if the market would drop for further accumulation to get more strength, however whales decided to drive the price up without accumulation which made believe they are still distributing and they need to sell as much as they can on 70 level to maximize their profit
Unfortunately people don’t like fact and analysis, when I wrote simple post about possible future rally I got 48k views and when I stated important facts people just ignore
Good luck with your trading.
#bitcoin☀️ #Bitcoin❗ #BTC☀ #btcupdates2024