I would like to start a trading conversation, this is daytrading on the 1H to get small trades and discuss to get a view on the best possible scenario for BTC.

We just had an M formation above 200MA (white line) and after this formation we had a drop level 1, a retrace to the 50MA (blue line with band) and clear rejection on the 200MA again.

We see that during the retrace there was printed a green vector candle, this means the market maker stepping into the charts and this generates a vector zone on which it is most likely that price will come back to, to recover the liquidity.

There is the same Vector zone to the upside, around the 44000, printed due to the red vector candle that initiated the first drop.

Due to the fact that we are on the weekend, so low volume and the pool of liquidity from the green vector, plus the wicks that are present in the chart, I think it is more likely that we see another move to the downside from this point in the chart.

I am curious about your view on this chart and technical analasys. Lets have a nice conversation!