The 50k options contracts expire on Friday August 27, a few weeks ago the 40k contracts closed at 42k, this is one reason of why I see BTC reach the range of 51k - 52k on Friday; to later FALL OR MAKE A RANGE, if this last thing happens will lead us to the famous ALTSEASON, and then eventually BTC fall back to the 30k range. (this bounce is a fractal of January 2021 - May 2021)
However, we must also take into account that these movements of the options contracts IS NOT GOOD FOR THE MARKET MAKER, will the investors beat to the Market Maker again???
Only time will tell.
So meanwhile I keep maintaining my position of the rebound at .23 Fibonacci, (marked from the low of July to the high of a few days ago)
This bounce would take us to the .61 Fibonacci area (marked from ATH to 30k) and then continue with the downtrend.
Not financial advise Сукас :)
However, we must also take into account that these movements of the options contracts IS NOT GOOD FOR THE MARKET MAKER, will the investors beat to the Market Maker again???
Only time will tell.
So meanwhile I keep maintaining my position of the rebound at .23 Fibonacci, (marked from the low of July to the high of a few days ago)
This bounce would take us to the .61 Fibonacci area (marked from ATH to 30k) and then continue with the downtrend.
Not financial advise Сукас :)
