Bitcoin - Support Levels v2

Update supports for Bitcoin

* Shorts positions weak - good point to start new drop for makers
* Longs start increase and may be liquidated in some moment
* We still have only 2 impulse wave (need 3)
* 3540 and 3000 coming

One thing you need to know

* This space is not regulated
* Big players like exchanges and huge funds can make any game with you because they have unlimited time and money
* Price can drop on any level (above 3000 or under 3000 or going up now) - you cant predict it, only control
* One thing that game will play not like most people think (need to think about it)
* Indicators mean nothing (we already underground), watch price action and volume

Overview of Crypto Cap (not on this chart)

* Current level 134B
* Level with big support is 106-110B around
* Its around 20% fall for all market and can be more in peak moment

Comentário:

1W MA 200 can create some support at 3200 around.

If all people want to see 3k - it means that more probably price reversal above 3k or going with huge sell off (to liquidated 3k longs).

Comentário:

Market cant go down by direct line. The reasons why this trap needs?
* Involve greed people to buy, becase in moment of fall they provide liquidity for sell positions
* Cut off some shorts to go more deeper
* To prove the trend reversal we need to see huge sell off or full bar to 4700 around

Comentário:

Can create fakeout of trendline, but bearish divergence already here.