Reversal falling wedge on BTCUSD with raise potential up to 11k
As for BTC I see the following situation, everyone is waiting for a breakout of 6000 and a trip to 3-4k for the whole deposit buy.
A large player needs people to lose their money, this is the way they can make money.
Accordingly, it is not profitable for him to fulfill the expectations of the crowd.
But it will be profitable to take stop orders in the range of $ 6,425-5,920, which will allow him to gain a large position, to drop all those who want to sell their BTC and then pull us to 11-13k.
In support of this, a "descending wedge" figure is drawn on the chart, which in the classical TA is reversal.
Thus, a large player can earn by taking money from other market players.
Also, the following situation may arise, a large player will not be able to absorb all the liquidity of stop orders that are in the above range, which will lead to a strong price reduction.
But if such an option happens, I think we will see a very fast buyback with bullish takeover and very large volumes, which indicates a market turn.
This is my opinion about the market for the near future, I will be grateful if you share this idea with other people.
I wish you profitable trades.
A large player needs people to lose their money, this is the way they can make money.
Accordingly, it is not profitable for him to fulfill the expectations of the crowd.
But it will be profitable to take stop orders in the range of $ 6,425-5,920, which will allow him to gain a large position, to drop all those who want to sell their BTC and then pull us to 11-13k.
In support of this, a "descending wedge" figure is drawn on the chart, which in the classical TA is reversal.
Thus, a large player can earn by taking money from other market players.
Also, the following situation may arise, a large player will not be able to absorb all the liquidity of stop orders that are in the above range, which will lead to a strong price reduction.
But if such an option happens, I think we will see a very fast buyback with bullish takeover and very large volumes, which indicates a market turn.
This is my opinion about the market for the near future, I will be grateful if you share this idea with other people.
I wish you profitable trades.
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