We got multiple confluences around 38k, nPOC, Schiff Pitchfork midline, 0.618 fibonacci, fibonacci speedfan 0.786, the real question here is how big the bounce will be
We got this Fib time extension that has been very accurate, we are very close to hit the Fib speed fan, we are very close to an accumulation phase, hopefully to see a reversal in the next months
Take those lows and we will have a bounce, the most important thing is take liquidity from the weekly lows, if you see that if we clear those lows and we have a quick reaction to the upside, this is a sign of Swing failure pattern, which in this case, could be bullish.
Everytime there is a special date, or a date which something bullish will happen for Crypto that's when the whales sell part of their bags so they can sell to the hype of the people. Whales sell the news, retail buy the news. The bullish news are usually good for mid term but bad for short term. Examples: Coinbase IPO listing (14th April) price was at 64k,...
Golden pocket with confluence with mPOC
Bullish divergences in the Daily chart, 43.3K is located the Golden pocket + 50 daily EMA
it seems we could pump to 37.6k if SNP 500 keeps pumping
expecting BTC to pump atleast to 36.8k or higher, CME Gap 36.900
If you are looking to short, those areas are high probability shorts
Potential Short entry (Golden Pocket+Weekly)