UPDATE $BTC ! ✅
Last night I was commenting that, despite not being a participant in guiding myself by the EMA's, they were warning of a possible movement.
As I told you, I was expecting a possible bearish trap to liquidate Longs, which happened by falling almost 4%, sweeping away all the over-leveraged ones.
How do we continue?
We have two possible scenarios:
1. The price impacts the 0.5 fibo zone of the last impulse. It could be the retest of the zone (since the previous lows touched the zone) To continue rising in a new impulse.
2. Bad scenario: If it does not find liquidity to rise after 2 tests at 0.5, the next reaction zone is at 58,500 with a margin up to 57,700, which would favor another bull trap and make the operation in the zone difficult.
In both cases we must wait for the 4-hour and 1-day candles to close in the zones, followed by a confirmation, that is, 2 candles in the same direction to validate a bearish or bullish scenario.
Trade with caution, I wish you great profits.
Crypto Citizen says goodbye!! Stay tuned for analysis updates if you find them useful.
