- Oct 2, 2022
- 1,584
- 2,862
We currently stand circa $94400.
Based on my understanding of the current pricing action I expect the following price path in the next 2 to 4 days (blue arrow).

Saturdays normally price does not move so tomorrow Sunday I expect a small ascend towards the $95500 level where there has been lot of trading volume in the last days.
I expect price to be rejected at that level and drop lower to $93000 and maybe $92500. I expect this move because there will be liquidity standing below the latest $93500 low and it will gravitate there to take out the buy-stop orders residing there.
This is also usually the fake move to the opposite direction that happens before a big pump. That big pump I expect it to happen on Monday or Tuesday with a target of $101750 to $103500.
Based on my understanding of the current pricing action I expect the following price path in the next 2 to 4 days (blue arrow).

Saturdays normally price does not move so tomorrow Sunday I expect a small ascend towards the $95500 level where there has been lot of trading volume in the last days.
I expect price to be rejected at that level and drop lower to $93000 and maybe $92500. I expect this move because there will be liquidity standing below the latest $93500 low and it will gravitate there to take out the buy-stop orders residing there.
This is also usually the fake move to the opposite direction that happens before a big pump. That big pump I expect it to happen on Monday or Tuesday with a target of $101750 to $103500.
