Bitcoin
Price is having some confluent factors right around this zone which it's having confluent with the golden pocket + 4d 55 EMA + this support trend line.
However, nothing is important regarding this levels we're seeing technical analysis. What I do care is about the behavior of the market participants which currently is very interesting.
If you pay more attention, you should know that lately, we have seen SEC dropped some cases related to crypto companies. Uniswap, Consensys, Justin Sun, Coinbase, and Robinhood. This is ultimately a good news for the market.
However, price keeps dropping. So who's selling? RETAIL!
Retail traders are capitulating because they are now in pain. They did the FOMO thing when price was at $100k and they are now in -20% floating loss. They can't handle this so they're capitulating.
But, the whales remains steady. As per our OTC analysis on the back door, some of the big whales are doing exactly huge amount of buying.
So yes, I'm still bullish.
MORE SIGNALS: @zcryptox
Price is having some confluent factors right around this zone which it's having confluent with the golden pocket + 4d 55 EMA + this support trend line.
However, nothing is important regarding this levels we're seeing technical analysis. What I do care is about the behavior of the market participants which currently is very interesting.
If you pay more attention, you should know that lately, we have seen SEC dropped some cases related to crypto companies. Uniswap, Consensys, Justin Sun, Coinbase, and Robinhood. This is ultimately a good news for the market.
However, price keeps dropping. So who's selling? RETAIL!
Retail traders are capitulating because they are now in pain. They did the FOMO thing when price was at $100k and they are now in -20% floating loss. They can't handle this so they're capitulating.
But, the whales remains steady. As per our OTC analysis on the back door, some of the big whales are doing exactly huge amount of buying.
So yes, I'm still bullish.
MORE SIGNALS: @zcryptox
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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.
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.