These are levels that I'll be keeping an eye on when dealing with BTC/USD, and I'll revise as price action progresses.
I adapt to the change in money flow.
I had published an idea on Bitcoin back in May from the weekly perspective, and this is an updated version from an H4 perspective to get a look within price action. Weekly range was entered on June 15th '22 and has been consolidating since then, but the fact that it's been supporting price for over a month is very promising in bull's favor.
The fact that these bull ranges are stacking within this weekly range can be taken as confluence. I would like to see a B.A.R. of the $22867 level which I look at as the bulls momentum is building. We shall see..
I adapt to the change in money flow.
I had published an idea on Bitcoin back in May from the weekly perspective, and this is an updated version from an H4 perspective to get a look within price action. Weekly range was entered on June 15th '22 and has been consolidating since then, but the fact that it's been supporting price for over a month is very promising in bull's favor.
The fact that these bull ranges are stacking within this weekly range can be taken as confluence. I would like to see a B.A.R. of the $22867 level which I look at as the bulls momentum is building. We shall see..
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A retest to the $20K level would be great before price action start to actually take off. 👀
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Continuation formed from the H4 perspective.
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$22867 was breached. 👀
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$22867 was broken from the H4 perspective. Bull's favor.
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Next upcoming barrier I'm noticing is around the $30K price point.
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Since the upper range has been broken we can now look at price potentially enter a retest phase until otherwise.
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P.A. is currently experiencing a retest phase.