馃拃 Brief review on BTC.
(In addition to the previous post)
At the moment, the price is consoled in the area $6700-6450.
We have completed the bearish wedge, so we should expect the fall. However, the market players (regular traders) are set up positively: everyone talks about high volumes, someone remarks that from some wallets were sent 500 BTC per transaction. All these factors set a positive mood in the market, but what really happens?
Market makers were always greedy and nowadays they are the same. We can see that at the moment the number of SHORT positions is reaching the local minimum, and LONG positions is updating the maximum. This is a very delicious piece of pie for whales, which they must eat. Besides, we can see the forming of some of the reversal figures.
It can be:
-Head and shoulders
-Double top
-The finished growing wedge
-Oddly ideal 1-5-ABC.