PoiSzn
Wave Theory and ICT PA Trader. Focus on Bitcoin Analysis
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Bitcoin Road To 46k
The path to 46k and what you should know.
1) Bitcoin left a Balanced Price Range at the All Time Highs and Broke to the Downside.
2) The Range was left with speed which offered only sellside liquidity i.e no chances for buyers to step in / very little to NO retracements.
3) In terms of PA whenever we Talk about a Range we need to talk about Equilibrium.
4) Consolidation seeks equilibrium, This equilibrium is at 46k.
5) If We know the bottom is at 15k and the likely Draw on Liquidity is 46k
1) Bitcoin left a Balanced Price Range at the All Time Highs and Broke to the Downside.
2) The Range was left with speed which offered only sellside liquidity i.e no chances for buyers to step in / very little to NO retracements.
3) In terms of PA whenever we Talk about a Range we need to talk about Equilibrium.
4) Consolidation seeks equilibrium, This equilibrium is at 46k.
5) If We know the bottom is at 15k and the likely Draw on Liquidity is 46k
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