Lets jump right into the TA.
1. We are in a huge liquidity zone (50k-65k), where the whales have been stop hunting retailers fish for many months.
2. For the above mentioned reason it is normally a good idea to stay out of the market. We don’t want to gamble. It’s all about money protection and the right mindset.
3. When that is said we are right now in an expanding descending wedge, which is a bullish pattern. I know it’s not the perfect example according to classical charting, but since the market is heavily manipulated, it’s still a bullish structure.
4. Also the last 24 hours we saw BTC increase with around 3 %, and The Global Market Cap a little bit less. We saw an increase in volume with around 34 %, which also is a bullish sign.
5. Most people are bearish at the moment, but I believe it’s a good time to be a contrarian, and go Long. But be careful in this market. Its extremely hard atm.
Kind Regards
LaPlaces Demon
PS. Like and follow. Im here to help you from Wall Street, the Elite and big whales, who will try to outsmart you.
