BTC UPDATE (Part 1) — What Happened? 1. After a massive dump | CRYPTO EASE ™️
BTC UPDATE (Part 1) — What Happened?
1. After a massive dump on Friday, the price was quickly returned to $26,800 zone. It was a good bounce and if the price consolidated above $27,000 - $27,100 range it would be a perfect setup for a LONGposition.
2. And there WAS consolidation on Monday, the price moved upwards afterwards.
3. Those people who didn't buy lower, put massive buy orders in the $27,000 -$ 27,200.
4. Then, sales appeared. It was a positivefactor at the first glance, since the buy orders were filling. However, sales were way too powerful and after the orders were filled, the dump continued.
5. As the result the price went below the $27,000 level and no one wants to buyBitcoin here already.
Overall — the current case is not bullish. I will post a second part with the forecast a bit later today.
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