đ„đ„$BTC TECHNICAL ANALYSISđ„đ„
đAs I anayzed very correctly past few days, $BTC behaved exactly I predicted.
đThe price went through the support level. All the Stoplosses were taken out, the retails buyers who entered the market thinking the price will go down even further jumped into sell trades, and now they are trapped praying to price to go down. finally, some sold their assests at a lower price in fear loosing more money.
đNow, the price is reveresed. So, people who understood this strategy just held on to their assets or entered into buying positions wisely.
đNow the price is back in the support zone. Yesterday's candle is is a long bullish candle but look at the volume, it is on average side.
đSo, the next stratergy will be to trap buyers right? Yes, most probably the price will retrace back a bit to repeat the same cycle they did earliar. Or the price will climb up to SNR level above and get rejected.
đBut if the smart money is commited to push pirce down for a correction, they will push price to 71000USD and takeout all the stoplosses and trap buyers.
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đđTips if this information makes any sense to you..helps me a lot.