Bitcoin / TetherLong
BTC correcting, This isn't a crash smmfh
Crash talk🫠 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. 🫠 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
💡I also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest.
💡Daily 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
💡I also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest.
💡Daily 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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