BTC channel update 5

21 de jan. de 2022

Much uncertainty is an under statement looking at the overall market. Whether it's the regulatory processes underway currently and or other FUD bringing about extreme fear I still see a further possible short setting up. The market is out of wack and not syncing. The whale and institutional money are way above the current price indicating to me at least, that money is flowing in setting up for a hard short. Looking at the Trend exhaustion, which is low and due for a move up, we might just have a snare at hand. Looking like a similar divergence, on the Money Flow, as 11 May, 20 June, 14 July, 15 Dec and 30 Dec 2021. I have two possible baselines at $37378.48 and $29383.52 respectively with the latter possibly only a wick down under the overall true trendline. Let's see.