The reason why market makers need consolidation ranges, in these ranges they are accumulating short/ long positions for the next big move. After perfectly predicting the dump from $29.500, giving $26.000 as target, we said that $BTC is going right into a strong sideway movement between EMA50 daily and MA200 weekly afterwards. Watch the chart, its playing out perfectly, so whats next ?
🚩 TA/ LCA/ Psychological Analysis: As you can see , the liquidity pool in $30.000 region and $26.000 increased heavily from the pool last week. This is the exact reason why market makers allow the price to consolidate for a while. So what moves Iam expecting next in the very short term?
Do you see the liquidity pool right above EMA50 ? There is a possibility that market makers would pump $BTC above EMA50, make it look like a "Bullish breakout" grabbing the liquidity, and filling supply at $27.800 and dump the price to normal level.
My plan for now:
Fakeout above EMA50, grab liquidity and back to normal level. Lets see how it plays out
