Currently BTCUSDT is on consolidation
We saw a choppy move before going up to almost 38.000 then going down to 34.700 and then going almost 38.000 again.
After that price going down again 35.500 and bouncing with a sign of weakness.
It's quite hard to see move going up with this current chart pattern. There is a liquidity trendline just below and also an orderblock just right above long consolidation right now.
Whether the price violate trendline first or reach that order block I only see sell.
My only hope is that there is an order block below 35.500 on 15 m chart.
If the market wants, this could be a turning point for bull, if only the market wants.
Thank you for reading my first Idea.
Not a financial advice.
We saw a choppy move before going up to almost 38.000 then going down to 34.700 and then going almost 38.000 again.
After that price going down again 35.500 and bouncing with a sign of weakness.
It's quite hard to see move going up with this current chart pattern. There is a liquidity trendline just below and also an orderblock just right above long consolidation right now.
Whether the price violate trendline first or reach that order block I only see sell.
My only hope is that there is an order block below 35.500 on 15 m chart.
If the market wants, this could be a turning point for bull, if only the market wants.
Thank you for reading my first Idea.
Not a financial advice.