Very simple Analysis here. When Btc closes above the bottom double bolinger band, it pumps to either the basis line (mid-line) or all the way to the upper band. The basis is currently at 28000. Simple as bb's are, it is more often accurate than not. I guess we'll find out soon enough.
Simply looking at the Daily chart, I can confirm that we are about to see 28k again. Break of previous highest daily candle, good volume, Coming from a super over sold drop. Guys...WE ARE ABOUT TO RETRACE!
BTC SHORT i the book map showing liq down so more likely we go down and us u see there is a fake out here on the trend and we at res and the tdi is make shark fin so more likely to drop i tried my best to explaing why i am taking this xd
When in doubt, zoom out. Ill keep it simple this time. High chance of a similar return to 28.9k in coming day(s). As always, not financial advice.
Looks like to me BTC will be meeting $34k in the very near future to test those range lows. At that point a lot of confidence will have tethered and we could see further falling to the $28k levels - I don't see it going much lower than that.
It kinda makes sense to run the FOMC high then dump it, the deviation + trendline break gives a nice setup
BTC has been on a steady downward trend (within a descending channel) and looks like it is consolidating for another downward move towards $28k. Volume has been significantly lower over the past few days also. My wild, out-of-the-box estimate for this 15%-20% dump is within the next 24 hours.