There was a huge rally with upward 366% without any pullbacks.
Buyers (big money) that bought a deep probably will start to cover their big positions on high liquidity area such as ATH range 73k - 75k.
Also we can spot a huge monthly MACD divergency means that trend is not that strong to breakout 69k level.
For now I would expect swing higher to grab final liquidity at the range high and if there will be confirmation I will be shorting all the way down to the first key level at 32k.
Maybe we about to step into Bearish trend crypto market, lets see, cuz in the end of the day its the game of probabilities =)
Buyers (big money) that bought a deep probably will start to cover their big positions on high liquidity area such as ATH range 73k - 75k.
Also we can spot a huge monthly MACD divergency means that trend is not that strong to breakout 69k level.
For now I would expect swing higher to grab final liquidity at the range high and if there will be confirmation I will be shorting all the way down to the first key level at 32k.
Maybe we about to step into Bearish trend crypto market, lets see, cuz in the end of the day its the game of probabilities =)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.