Bitcoin opted for the most positive scenario in my previous idea. It represented the most favorable outcome, so I am also hopeful that this is what will unfold.
There is a significant liquidation heatmap of + 1B at $67,500. Since the bulls have already managed to pump to
64K
, it would be a shame to miss this opportunity to consume this liquidity.
The pump exhausts, and the indicators need to reset lower.
Scenario 1:
BTC
pumps to
67K
and then faces rejection. It shorts down to the first support orange box, then pumps higher again. This represents the best positive scenario.
Scenario 2:
BTC
pumps to
67K
and then faces rejection. It shorts down to the next support, the green box at around
52K
, and bounces back to the orange area.
Scenario 3: a catastrophic one, where
BTC
is rejected at the resistance area and dumps down to the red $GETTEX:45K area, leading to capitulation.
These are short-term scenarios; anything can happen in crypto, as it is unpredictable. Whales are playing with your money and attempting to deceive you. DYOR (Do Your Own Research).
There is a significant liquidation heatmap of + 1B at $67,500. Since the bulls have already managed to pump to
64K
, it would be a shame to miss this opportunity to consume this liquidity. The pump exhausts, and the indicators need to reset lower.
Scenario 1:
BTC
pumps to
67K
and then faces rejection. It shorts down to the first support orange box, then pumps higher again. This represents the best positive scenario. Scenario 2:
BTC
pumps to
67K
and then faces rejection. It shorts down to the next support, the green box at around
52K
, and bounces back to the orange area. Scenario 3: a catastrophic one, where
BTC
is rejected at the resistance area and dumps down to the red $GETTEX:45K area, leading to capitulation. These are short-term scenarios; anything can happen in crypto, as it is unpredictable. Whales are playing with your money and attempting to deceive you. DYOR (Do Your Own Research).
Comment:
BTC
didn't manage to exit the orange box. Therefore, we are still in a danger area and any of the 3 scenarios are still possible. the plans are working, Apparently scenario 1, the most favorable seems to play out, but careful, nothing is sure until
BTC
exits the orange box and make it a support.
BTC
didn't manage to exit the orange box. Therefore, we are still in a danger area and any of the 3 scenarios are still possible. the plans are working, Apparently scenario 1, the most favorable seems to play out, but careful, nothing is sure until
BTC
exits the orange box and make it a support.
Comment:
Finally the 1) first scenario which was the most positive one is playing out as expected.
BTC
has bounced and was rejected exactly at the bottom of the supply resistance. Some whales are defending this area to avoid being liquidated. Now the top of the orange box (64k) should act as support and
BTC
should bounce on that support to try to go though this resistance and wipe out all these shorts at 67k.
If
BTC
re-integrates the orange box, that will be an invalidation of the break out. But there is a low probability that this happens, see that the tradfi is pumping and the ETF are buying again.
BTC
has bounced and was rejected exactly at the bottom of the supply resistance. Some whales are defending this area to avoid being liquidated. Now the top of the orange box (64k) should act as support and
BTC
should bounce on that support to try to go though this resistance and wipe out all these shorts at 67k. If
BTC
re-integrates the orange box, that will be an invalidation of the break out. But there is a low probability that this happens, see that the tradfi is pumping and the ETF are buying again.
Comment:
Mission accomplished, scenario 1) played out perfectly as explained. I close this thread and will open a fresh one soon.
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Thanks and happy trading!
Don't forget to follow me, so that you get noticed when I update.
Thanks and happy trading!