BTC Well on it's way to 126kTechnical analysis most times does not need many words.
Here we have a very bullish bitcoin BINANCE:BTCUSD
Using the wicks on the weekly chart, I can measure them and project values towards all time highs based on Market Maker Model Dynamics
The first projection, is the root candle of the current distribution
The second projection is the lower wick of the last re-accumulation before we had an expansion in the just concluded week.
Both projections, converge around 126k so I have my sights set on 126k
I anticipate the lower wick of the upcoming week to form around 121k (50% premium wick level)
See image below
BINANCE:BTCUSD
That's it.
Stdv
Possible Pre-Skyrocket ManipulationSince every soul on this earth knows that we will see huge bull-moves with given and upcoming rate cuts + october price action, its not unlikely that we COULD manipulate even lower after the Billion Dollar liquidation move overnight.
IF we do so, we would do it pretty fast and continue the displacement from the bearish head and shoulders pattern that broke the daily 50 EMA%SMA in the next few weeks.
On a technical site, there is still a huge amount of liquidity on CRYPTO:ETHUSD left (around 20B$), most accumulated at around 3.450$.
Strangely enough, that area matches the current ranges equilibrium, standard deviation levels of prior bearish manipulation moves, KEY SR Levels of 3400 and 3200, monthly and daily imbalances (which will get filled sooner or later), the 200D EMA and 50W EMA, AND the current htf bullish trendline and broken triangle resistance...
If we hit this before mid-October, these will be free longs, and I will DCA into my position, which sits at 1.794$ currently.


