I am expecting Bitcoin to continue it's downward pursuit, as we slowly but surely are making our way to the completion of the corrective wave c (of larger corrective wave B).
In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded Flat.
This would fit my narrative, as it would provide for a perfect liquidity sweep (aka stop hunt for recent sellers, as well as for recent buyers), meanwhile it will clear up some imbalance price action caused when the price sold off too quickly.
This is for informational purposes; If you participate in the markets you are fully accepting those risks on your own.
In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded Flat.
This would fit my narrative, as it would provide for a perfect liquidity sweep (aka stop hunt for recent sellers, as well as for recent buyers), meanwhile it will clear up some imbalance price action caused when the price sold off too quickly.
This is for informational purposes; If you participate in the markets you are fully accepting those risks on your own.