BTC Sunday update:
Is this another move in threes?
Remember that we called the local top 21.5k and local bottom 15.5k thanks to the 3 taps pattern.
We also have confluence with the liquidations (see image n.2).
A move between 17.4k and 17.8k before retracing to low 16k
You'll understand the psychology of this move with the 17th Nov post.
It's playing out...
✅Stop hunt to sweep the lows, market is depressed for new lows
✅Reversal to 17k-18k to induce retail the belief that bottom is in so they provide liquidity
This is the current "before and after" from the Sunday's update posted 2 weeks ago.
It's intereting that the local top would match with the current liquidations chart.
We'll see if it plays out or not...
SPX is in a potential rejection zone in the weekly chart.
This is a very important zone in the chart. Pay attention to it.
Another "before and after" so you have some context.
I might be wrong but that is my take.
I'll wait to see what Monday brings us as it's usually a false move day.
I've noticed several stop hunts since Thursday that, in principle, mean that Market Maker is building his shorts.
My plan is always to jump on their trades🧐This post is based on this twitter thread.