Several of the few followers I have thanked me for the warning I gave yesterday about the selling region of 72.5 at $BTC
Since then, that has been the barrier for the price. And now, what can we expect?
Analyzing the monthly chart, we can interpret that all the important points below 60,000 were liquidated. Note the number of wicks that formed from there.
Now, what I expect is a top test. That is exactly what we are seeing. The price has everything to establish new highs during the following month.
However, it is important to emphasize that we can see a month of November starting with correction. Analyze the monthly candle. See where your points of interest are and work on that.
Remember the theory of efficient vs. inefficient markets. FVG, GAPS, Wicks... several of these elements give us clues as to where we can go in the next stage.
