A Note before reading - this is a forecast analysis - based upon our trading strategy. Please do not take this as face value.
Based on what merit? Good question, based on the fact - from a technical standpoint - the sell off begins with a new equal high peak or a higher high. We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
off the back of the last move - we saw a great imbalance fill on a daily zone - in the bottom purple zone . This created a first fresh touch for buyers. We have been experiencing a sell off today which is exactly what is needed in order to retrace to form a fresh touch for liquidity purpose.
BTC to keep showing its strength (positional holding)
Where next? Imbalance Two - is still untouched at 25K, so we will still anticipate this zone valid.
Target Upside targets 50k or more!- long term buys.
Zones to watch for long additions. $29,000 - 30k $24,000 - 25,550 imbalance zone major zone
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