Bitcoin / TetherLong
BTC correcting, This isn't a crash smmfh
Crash talkđź« Talk of manipulation and fake outs should have been anticipated weeks ago. Markets refusing to react appropriately after consecutive weeks of high cpi readings and then a super hawkish Jerome Powell speech was crazy work. Bitcoin is still in bull territory for this consolidation range. đź« Many are calling crash already, lol. A 20% correction would be at 86k which is where the bottom of the consolidation is at on daily timeframe. That wouldn't even be considered a crash as 20% is normal for btc in bull environments.
Areas of interets: Bullish mitigation block (the gray rectangle).
Vwap: (green)Anchored below the Nov. 5th trump pump candle which is being tested
50 ema: (dark blue ema) being tested for first time on daily time frame
đź’ˇI also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest.
đź’ˇDaily stochastic is oversold riding the floor and the daily rsi is below 50 with chance of making bullish divergences with prior lows
Areas of interets: Bullish mitigation block (the gray rectangle).
Vwap: (green)Anchored below the Nov. 5th trump pump candle which is being tested
50 ema: (dark blue ema) being tested for first time on daily time frame
đź’ˇI also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest.
đź’ˇDaily stochastic is oversold riding the floor and the daily rsi is below 50 with chance of making bullish divergences with prior lows
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