Today's TA isn't really different from the last one I posted on BTCUSD .
Here is the link to the previous post (just in case if you havn't read it).
Reading the previous post will definitely help you understand better what I'm saying on this post.
Click on the Chart below to read previous TA.
A) Finishing the Bat and up
B) Finishing the Double bottom and up
C) (not in chart) fail to hold $6,000
all three options are possible.
Today's TA focuses more on the Whale
we Koreans call the big boys in the market whales and call themselves (small individual investors) ants.
throughout the last fall from the double top-ish pattern (also the same two tops from the BAT) there were at least 3 bull traps. exploding the volume and letting ants think that the market's recovering.
But what they really trying to do is to get in the market after bluffing the ants so ants panic and sell off. It's probably those who tattooed $3000 or $2000 ish number on their forehead. (also just my opinion)
evidences could be found in volume trend
Don't forget that both scenario B) and C) is (very) possible.
(I'm not trying to spread fear, but I'm trying to tell you not to go all in on one price range)
The key is volume now. Continuous and consistent increase in volume is the only way to break the current devil's curse on Bitcoin.
that's me being optimistic.
if we lose the support at around $ 7,200 ~ 7,300 , we are going back to early 7,000.