XBT. One more week in flat?
Today price back in symmetrical triangle and flat accumulation zone.
All these moves are chop-chop to collect liquidity.
Big capital slowly and partially flows into Alts.
When the second impulse to 10.3k occured - Alts dropped.
Smart money bought support - Stupid Money sold support and bought BTC.
Double trouble? - Yes.
Now these passengers hoping for BTC to pump a lot, but it will still in flat.
Alts should start jumping today again if volatility will not hit XBT.
Also, we expect fakeout of Trendline (11.3k and 11.8k still on table as bulltrap) before drop to 8k.
---
Regarding BAKKT Launch news.
We do not recommend to trade in this day.
We don't expect big drop such as big pump.
News are already in price, and once BAKKT started to accept Deposits - it was already a Launch phase.
Spinner at this day will look great. 2-4% dump with fast bought up to cut Long/Short Stops and back to flat accumulation.
Trade safe.
All these moves are chop-chop to collect liquidity.
Big capital slowly and partially flows into Alts.
When the second impulse to 10.3k occured - Alts dropped.
Smart money bought support - Stupid Money sold support and bought BTC.
Double trouble? - Yes.
Now these passengers hoping for BTC to pump a lot, but it will still in flat.
Alts should start jumping today again if volatility will not hit XBT.
Also, we expect fakeout of Trendline (11.3k and 11.8k still on table as bulltrap) before drop to 8k.
---
Regarding BAKKT Launch news.
We do not recommend to trade in this day.
We don't expect big drop such as big pump.
News are already in price, and once BAKKT started to accept Deposits - it was already a Launch phase.
Spinner at this day will look great. 2-4% dump with fast bought up to cut Long/Short Stops and back to flat accumulation.
Trade safe.
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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