Bitcoin Getting Ready to Drop Again?

in #leofinance3 years ago

Daily timeframe

On the daily timeframe, we can see that price is currently reacting to a bearish orderblock and there is a ton of resting liquidity below the equal lows below:

5min timeframe

Going lower on the timeframes, I can see that strong hands are building liquidity just below of where price is right now, so we might expect a strong move soon to grab liquidity and start the down move:

Let's see what happens, there is still room for more upside, however, soon enough I would expect the drop before we can buy the dips again.

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