BTC better hold above 58.8 during the weekend

4 พ.ย. 2021

BTC has been respecting this local pitchfork for the last year.

Everyone is extremely bullish for the last two months of the year, and that is not how MM play this game.

According to the pitchfork we can still head all the way up to 105K by mid late December,
But PA just pinged the +1.0 ratio twice (blue line in the fork) and might get a reaction to the downside.

PA is so bullish since last 40K HL, it is hard to see it reaching down that far.
58.8K and 56.6K look like a good buy order for any dip during the weekend (if it comes).
53K too, but it seems there is a lot of buy pressure and EOY hype.
53K will be roughly -15% and will be a great chance for MM to fck the longs one last time before a real move upwards.
It will also flush some of the alt party we are having for the last few months.

Be prepared, and trade safely.
NFA!

4 พ.ย. 2021

บันทึก

A few small points to add:
1. The 3D candle is red and will probably stay red and not close above 63.8K.
2. The 1W candle currently flipped red, might stay this way for the remaining 3 days till week close..
3. The weekly as it is right now, is showing 3 dojis at the top - which statistically (84%) is a sign for reversal.