Mock Up Price Action for BTC I'll Be Tracking | Mid Term

Mock Up Price Action for BTC I'll Be Tracking | Mid Term
- Like with many coins I'm watching, CSPR for example, we've broken above and are resting right above the 500 day moving average
- I believe that we'll bounce from this point now turned dynamic support, and continue our run upwards in line with the fractal overlayed
- If whales can manipulate the price and get us past 32k area and then hold it above giving a false sense of security, I believe that at this point retail investors will take over and the FOMO hype train frenzy of buying will occur
- This to me will be the ultimate bull trap set up, and biggest play of the year to make.. And for my own strategy, I intend to be taking steep profits in anticipation of a cascading liquidation market crash type moment

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Here's the CSPR idea I recently posted.. Illustrating the same kind of 500 day moving average dynamic resistance turned support.

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Closer up view of BTC on the 4Hr with areas of support I'm watching

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On the 2 Hour
Bullish divergence
Growing Volume
Strong dynamic support area 500 day moving average

Commentaire:

Wicked off of the 500 day nicely
Volume increasing
RSI turning around