If this dip takes place on the 1 hr. I have a read of $46,625.67 within that figure. If BTC moves up a little more the number figure will also move up a little.
A few things will happen once that happens. If so, smart money will try and pretend to move up more. Many more traders will buy due to regret for selling early this morning. FOMO will kick in and just then smart money may want to dip respecting the 1 hour time frame within the figures of $46,625.67. This is to cause many traders to exit. Then I conclude the 2 hr pullback comes in.
If too many traders are selling, this can create a massive dip before the 2 hour pullback.
I don’t see that happening even if traders exit.
I’ll explain: smart money can’t afford to loose out while they have already invested all this money from when they plunged it. So while the dip is in process in zigzags, they have no choice but to plunge it higher.
WOW, what a ball game of greed!
Keep in mind, whales have bought into bitcoin long ago from day 1, I’m sure. If any exit with gains, BTC falls down a little. This is how sometimes even smart money wage greed war against each other because while one group wants to make more, the other group which owns more stock may want to keep dipping BTC, just an idea.
(Smart money can’t respect the 2, 3, and 4 hours yet because they have not arrived yet.)
Is BTC ready for a crash, as I’ve said long ago, while many trader ideas claimed would fall below FWB:25K will not happen yet. It will but first the whales must manipulate to entice traders then the fall comes but will regain.
BULL market phase 3 is either here or around the corner which I claimed from last year in one of my charts. I have phase 1 2 and 3. I knew it would arrive hoping for January and it’s happening.
For crashing sake, for this reason I’m adding a downtrend stop loss, any more than that it’s up to you. If I detect a crash, I should know soon. Indicators or any method will stop working properly once the crash begins.
I have allotted myself a space in order to know if there is a crash in process.
Too much to say mates, but I will say I’ll update as I go along.