Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
Looking at the chart from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players - using the 4 hour, there is a possibility the 50 - 61.8% retracement showing a good imbalance zone. We will not look to buy at this moment due to the fact price is working well and needs the activity to free up in order to consolidate.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Fundamental Update - E Musk has been tweeting and purchased $1.5bn of bitcoin and accepting payments of BTC for Tesla products.
The previous analysis was based off the Fibonacci - keep in mind the zones here aligned with the 0.5% retracement.
what do we see?
Here is the current situation for Bitcoin.
The above image, shows the Fibonacci on a daily - whereby we used our previous retracement back in the end of January, this confirmed to us the buyers were still in control. Inefficiency 1 zone was valid. This is now a new buy zone for future reference.
Here was our latest buy position - based on the previous idea January 28th 2021.
Here is our target:
Further analysis;
Delving into the consolidation in the past, market participants are looking at the consolidation when Bitcoin was introduced - it took 106bars on the weekly timeframe to reach $1,000 price.
This consolidation area, has shown us the volatility yes, however it has provided further information as to how the price is behaving upon weekly imbalances and how the cycle is showing it's fractal patterns as time brings us to now, and the future.
See here for the imbalance occurring back in 2015.
See again in June 2016 - bar replay example. upper imbalance daily zone and weekly at the time. Where will price take us?
Inefficiency zone 2 - or inefficiency zone 1?
The answer is zone 2 - the imbalance wick is present here and needed a full fill.
If you enjoyed our work, please ask us a question.
Why follow us?
10 years combined analysis experience in world markets.
Technical breakdowns using our strategy
Ignore majority of fundamentals.
Trade for swing, positional trades.
Update our explanations where we can.
Keeping things simple for ourselves and you.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
Looking at the chart from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players - using the 4 hour, there is a possibility the 50 - 61.8% retracement showing a good imbalance zone. We will not look to buy at this moment due to the fact price is working well and needs the activity to free up in order to consolidate.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Fundamental Update - E Musk has been tweeting and purchased $1.5bn of bitcoin and accepting payments of BTC for Tesla products.
The previous analysis was based off the Fibonacci - keep in mind the zones here aligned with the 0.5% retracement.
what do we see?
Here is the current situation for Bitcoin.
Here was our latest buy position - based on the previous idea January 28th 2021.
Here is our target:
Further analysis;
Delving into the consolidation in the past, market participants are looking at the consolidation when Bitcoin was introduced - it took 106bars on the weekly timeframe to reach $1,000 price.
This consolidation area, has shown us the volatility yes, however it has provided further information as to how the price is behaving upon weekly imbalances and how the cycle is showing it's fractal patterns as time brings us to now, and the future.
See here for the imbalance occurring back in 2015.
See again in June 2016 - bar replay example. upper imbalance daily zone and weekly at the time. Where will price take us?
Inefficiency zone 2 - or inefficiency zone 1?
The answer is zone 2 - the imbalance wick is present here and needed a full fill.
If you enjoyed our work, please ask us a question.
Why follow us?
10 years combined analysis experience in world markets.
Technical breakdowns using our strategy
Ignore majority of fundamentals.
Trade for swing, positional trades.
Update our explanations where we can.
Keeping things simple for ourselves and you.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
