BITCOIN/Potential developping pullback
Updated
A Bullish divercence took place and price action confirmation followed with price breaking some of the last selling impulse.
$2500-$3500 looks like an interesting level to buy while $5500-$6500 a good level to sell. This might JUST be the beginning of a long period of accumulation.
$2500-$3500 looks like an interesting level to buy while $5500-$6500 a good level to sell. This might JUST be the beginning of a long period of accumulation.
Note
Currently sitting above $4000. We might either see a break or a retest of the $2500-3500 liquidity level; which can be a great opportunity to buy.
Note
The overall volume is still bullish with some discount on lower peaks $4100 is most likely to be broken, How ever, if liquidity is still alive there, we could see another bearish wave aiming for below $3200
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