On April 4, 2024, CRYPTO:BTCUSD is consolidating in a symmetrical triangle pattern.
A move above this triangle would provide a buy signal.
On the other hand, a move below this triangle will invalidate the pattern. However, based on the longer-term uptrend in Bitcoin, I will not short it for now.
I am only looking for long opportunities.
Bitcoin safe zone is 68050 and support is 67500 resist below more than 15 minutes will be crash to 66900 or 66500. For pump Bitcoin need to resist above 68550 for 45 minutes after that Bitcoin will make high to 69050 or 69750. ( SOL, MEME & WIF, coin will be react with BTC )
Funding reached the historical mark as it was at the end of 2021 after which there was a strong downward price movement. Considering my analysis described in previous posts I would also like to note the huge liquidity clusters at 20k and 30k levels which were not touched at all although there was every opportunity to do so.
Based on this we can conclude that...
Liquidity in the market is a key factor in price movement especially in the cryptocurrency market. Understanding how and where liquidity appears is fundamental to being able to determine the future price movement of an asset.
Liquidity:
I would like to start by showing what liquidity is and how it can be detected.
In our case, liquidity is the accumulation of...
BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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The price action successfully filled out the upper-level candle imbalance which it left out with impulsive downward movements.
Currently, the price action can show us more downward movements before any other movements
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$67,790
⬆️LONG⬆️
$63,626
PREDICTED DAILY RANGE
$63,039 -...
This is how it works
But there is also a lot of TA behind this
fibonacci. elliot, math
experience from 2 previous crypto bull markets
Will the triangle just break up ?
Will it have a fakeout up, and then a fakeout down ?
Will the triangle fail
I think 56K is massive support area (4)
All arrows point up
On my previous analysis me explained why i am thinking Bitcoin will reach 90+, but also mentioned buyers correction zone. I will try to buy it from range 55-58k.
nice impulse after tuesdays ETF/Grayscale selloff -
probably from queued ETF/Grayscale sells during easter holidays.
big dipper pattern, which has 0% predictive power.
It just means there was a dip and now it's too late
So right now if you look at the chart BTC is at the crucial support of 64.5k which is holding BTC from further drop. It is consolidating over this level and market is acting choppy at this point. It will good to avoid trades during this period.
Now there are two scenarios
BTC will hold the current support and flip the zone marked above at 67k to 67.9k and in...
a free signal for you all guys, have fun!!
selling bitcoin because of fundamental bearish news, bearish technical trend, an reversed FVG and imbalance.
