Is BTC getting ready for a rise?
Based on the look of price action on the daily it looks like at least a temporary rise over the next 2-3+ days.
The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which may definitely be of interest to market makers.
So any new guys or anybody with short term shorts around this level on lower charts than the daily please be careful and keep an eye on your positions as you could be swimming against the current.
The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which may definitely be of interest to market makers.
So any new guys or anybody with short term shorts around this level on lower charts than the daily please be careful and keep an eye on your positions as you could be swimming against the current.
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