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#Bitcoin - whats next ?
The big Sunday report, all you need to know:
🚩 TA/ LCA/ Psychological Analysis:
As mentioned above, $BTC lost the mother of all supports at MA200, and grabbed a massive amount of liquidity between MA200 weekly and EMA200 daily. We can clearly see how EMA200 acts as new support and EMA50 remains the strong resistance we are facing at $27.100. For that, we need to widen our consolidation range between EMA50 and EMA200 for now. New support is $25.250 and resistance remains EMA50 at $27.100. We have also a strong diagonal resistance that started at mid April and kept hammering down BTC each time it touched it, its visible in the chart.
Market saw a bulltrap above EMA50 daily (Red circle area) and nuked after, indeed the plan played out perfectly and our short printed a good amount of profits. Bulls got trapped above EMA50 and were badly liquidated after the drop. However, something happened and its the loss of MA200 weekly. This indicator usually tells us if Bitcoin is in a bear or a bull market. I have been mentioning tons of times that strong FUD is needed to breakdown below MA200, and what happened ? Clear FUD from SEC, perfectly timed at the range nearby MA200
The coming week is very hot and we will see very important market data such as CPI and FOMC decision. I expect to see a massive drop towards the $330bn liquidation pool towards $24.000 region if FOMC decision is worse than market priced in, and yes. I believe that we will see a rate hike increase this week, while many believe the FED is going to pause. The sell pressure, combined with SEC FUD and the fear of recession might lead to the total collapse of BTC, hunting down the liquidity pool at $24.000 region and at the worst case even lower at $22.000 region. Do not forget that a new wave of FUD can lead to massive amount of liquidations for institutions that are long on several altcoins. Especially when considering the latest BTC.D breakout, combined with all the FUD.
My strategy is simple, currenlty in a long from $25.500 and small amount of short from $27.800, I will stop my long if breaking below EMA200 and keep riding the short if dropping below EMA200. I think once losing EMA200 there is a very strong possibility that market will bleed towards $24.000 region. I also continue to accumulate some specific altcoins that were labelled as securities, specific because its important to watch out for some criteria. I have written a big text about this topic yesterday. Buying $MATIC yesterday proved to be very profitable, already up +15%, remember that these kind of investments are DCA and going to be held till the next bull run. There is no way Iam planing to sell in the next months, but probably after the next bull market that starts in one and half years
Summary:
I believe that market makers are awaiting the FOMC decision to decide where to move next, they will not waste any time and immediately start dumping $BTC in order to grab the liquidity below, if FOMC decision is worse than market expected. At the same time they know that the market is in big fear, volume is at record lows and retails are scared due to SEC FUD. This would be the perfect opportunity to pump the price towards our final target of $37.000 and leave paper hands side lined. The strategy is clear, dont over trade in this level of uncertainty, we are prepared and bought a hell of BTC, ETH and other alts between 16-18k and are ready for a big pump towards $37.000 region (Scenario B) in case it happens, if market makers decide to grab liquidity instead, I will be more than happy to accumulate more at these prices for the absolute long term.
Important days in the week:
Mo: //
Tue: CPI
Wed: PPI + FOMC
Thursday: Retail Sales data
Friday: FED speak 
