BTC, two scenarios after FAKE break up!
Bitcoin WHALES hunting for stops? After the false breakout, the price moved back into the value zone.
What could have happened? When the upper trendline was broken, the traders' stop-buy orders triggered. So the whales could collect the liquidity and take their SHORT positions.
The price returned to the value zone with fake break up. We need to watch how price will react in the value zone. If we start squeezing the lower trandline, the higly possible target is $34,000.
If price shows strength and we start squeezing the $42,000 level, it is very possible that the RISE will continue!
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
What could have happened? When the upper trendline was broken, the traders' stop-buy orders triggered. So the whales could collect the liquidity and take their SHORT positions.
The price returned to the value zone with fake break up. We need to watch how price will react in the value zone. If we start squeezing the lower trandline, the higly possible target is $34,000.
If price shows strength and we start squeezing the $42,000 level, it is very possible that the RISE will continue!
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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