BTCUSD what's next move?

Updated

Hi guys!

People are sweating as nobody know what's next move for BTC. So much manipulation in the market now...

DAILY
To mee it looks like accumulation as the previous drop is not continuing down at the moment with rejection of the price at 45600 level forming double bottom.
Falling wedge broke upwards and now the price perfectly touched 200ema , got back under daily volume level (VPVR) 48900USD and also on 0,5 fib level from june - november swing.
Now it looks like it will come back to another volume level sitting at 47330 aprox where we have top of the falling wedge.
On daily we can see change in volume (WAE at the bottom) which is already green and above it's MA.

BUT...
There is one thing on trigger waves I have not seen anywhere in the past of bitcoin (indi Vumanchu/Market Cipher) !!!
Look how nicely are waves going higher and higher but the price is stucked and doesn't want to get out of this zone. This should not lead to move down, but I don't have crystal ball neither ;)

4h
ON 4H TF WE SEE PRINTED RED DOT (Vumanchu)
TO GO LONG SAFELY:
• FIRST THING IS TO WAAAAAIT FOR GREEN DOT WHICH SHOULD BE HIGHER AS THE PREVIOUS ONE
• On smaller TF we want to see growing volume
• it is possible we will not see higher low under actual price as sometims BTC moves to the next step, stays there and then move higher again.

Also consider we are at 0,5 fib level from previous huge swing AND 50EMA 4h is getting already to 0,6 fib extention at 47900USD.

In summary what I expect most probable is this.
We will see:
1. wick to 47900 (on Bitfinex)
2. prcice will get above 48900 > 2h green volue on Vumanchu > 4h green dot Vumanchu and then move up

The other move cold go back to 45000USD and wash out all longs.

So be cautious and take it eeeeaaaasyyyyyy.

We will get higher. I will get more at lower levels.

Good luck!
M

This is not any financial advise, always check the market before entering any position and like it if you find it useful.

Note

Trade active

Muzaaa

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