ANALYSIS #BTC FOR 22/10: IS THE DROP TO $82,800 THE BOTTOM, OR IS MM PREPARING FOR ANOTHER PUMP-AND-DUMP?
BTC was just rejected at $84,820, with a bearish BOS appearing on M15. The M15 RSI fell to 20.69 and the MACD is deeply negative, indicating that sellers are in control in the short term, although the price is also oversold.
Meanwhile, H4–H12 still have strong support. So don’t rush into chasing shorts here, guys.
BTC could sweep more liquidity down to $82,200–$82,550, followed by an expected B wave rebound to $84,340 to test the resistance zone and bearish FVG.
If M15 confirms a bearish reversal, wave C could take BTC down to $81,300
BTC was just rejected at $84,820, with a bearish BOS appearing on M15. The M15 RSI fell to 20.69 and the MACD is deeply negative, indicating that sellers are in control in the short term, although the price is also oversold.
Meanwhile, H4–H12 still have strong support. So don’t rush into chasing shorts here, guys.
BTC could sweep more liquidity down to $82,200–$82,550, followed by an expected B wave rebound to $84,340 to test the resistance zone and bearish FVG.
If M15 confirms a bearish reversal, wave C could take BTC down to $81,300