BTC: Micro PA before the US open
Currently BTC is sideway on my end whilst trading within the cloud on the daily and trading currently below the cloud on the 1H with a potential income bearish cross if interest to push price higher from here once institutions start selling into buyers at a high rate.
Sweep setup below for a potential fake out and trap on the 1H.
PA needs to cross above all resistance and 2 EMAS sideways but slowly about to cross bearish in order to cancel confirmation of another leg down.
Just my opinion and the way I chart and subject to what traditional markets do, the narrative and up and coming news plays regarding economic data that directly effects the crypto space.
Sweep setup below for a potential fake out and trap on the 1H.
PA needs to cross above all resistance and 2 EMAS sideways but slowly about to cross bearish in order to cancel confirmation of another leg down.
Just my opinion and the way I chart and subject to what traditional markets do, the narrative and up and coming news plays regarding economic data that directly effects the crypto space.
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