BTC fall to 9550 and then PUMP
BTC is showing great performace but there are few things why i think it can go to 9550.
1. Rising wedge identified as you can see on chart
2. Huge sell walls around 10 000 level across all exchanges
3. It is weekend and there is no enough volume to conduct this pump and go above 10 000 and hold here
4. 9550 is strong support since we closed 2 daily candles above it
5. Around 9550 are such a big amounts of long orders at leverage exchanges and also buy orders at non-leverage exchanges
Possible scenario
No.1
We will maybe fakout this wedge to 10k but after there will be fast dump from there.
No.2
We will fall form this pattern as we should without upside fakout
Very low potential scenario is that we will breakout above 10k at the weekend.
I am strongly bullish but we need to fill longs at 9550 and lot of buy orders and after we can break 10k in next week :)
1. Rising wedge identified as you can see on chart
2. Huge sell walls around 10 000 level across all exchanges
3. It is weekend and there is no enough volume to conduct this pump and go above 10 000 and hold here
4. 9550 is strong support since we closed 2 daily candles above it
5. Around 9550 are such a big amounts of long orders at leverage exchanges and also buy orders at non-leverage exchanges
Possible scenario
No.1
We will maybe fakout this wedge to 10k but after there will be fast dump from there.
No.2
We will fall form this pattern as we should without upside fakout
Very low potential scenario is that we will breakout above 10k at the weekend.
I am strongly bullish but we need to fill longs at 9550 and lot of buy orders and after we can break 10k in next week :)
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Personal telegram @rastiorastio
Personal telegram @rastiorastio
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