The Bulls are Exhausted, Bears stepping In
BTCUSDHere is a analysis based on the 4hour timeframe. Looking at market structure, a nice Wedge pattern confirming a potential breakout to the downside to collect more orders in the Imbalance zone due to high liquidity push up that happened on Sunday.
If Price breaks the wedge I will be looking for potential sell positions to my Imbalance zones then look for potential Buy positions to ride it up.
I strongly feel that BTC needs to collect more orders to push BTC pass the 50K mark. I'm predicting that this will all take place this week.
What do you think?
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