TLDR: If price creates a new ATH before the end of Q1 2022, then expect a correction at the quarterly pivot point 2nd resistance level at ~79k (if price manages to reach that far).
Last quarter, BTCUSDT created a new supply zone at ~55k, and then dropped with reactions and a breakdown at the ~48k demand zone (reaction visible on the 15M timeframe and under) and at the ~42k demand zone (sharp noticeable reaction on the daily timeframe), with another supply zone at ~50k being created afterwards.
If you're bearish on BTCUSDT, then expect reactions and potential breakdowns of the ~31k, ~24k, ~18k demand zones; If you're bullish on BTCUSDT, then expect reactions and potential breakouts of the ~50k, ~55k, ~63k supply zones, and a correction at the quarterly pivot point 2nd resistance level at ~79k (keep in mind that new supply and demand zones can form after the date that this idea was published).
More ideas on BTCUSDT will be published every quarter, and on the aftermath of a new ATH.
Last quarter, BTCUSDT created a new supply zone at ~55k, and then dropped with reactions and a breakdown at the ~48k demand zone (reaction visible on the 15M timeframe and under) and at the ~42k demand zone (sharp noticeable reaction on the daily timeframe), with another supply zone at ~50k being created afterwards.
If you're bearish on BTCUSDT, then expect reactions and potential breakdowns of the ~31k, ~24k, ~18k demand zones; If you're bullish on BTCUSDT, then expect reactions and potential breakouts of the ~50k, ~55k, ~63k supply zones, and a correction at the quarterly pivot point 2nd resistance level at ~79k (keep in mind that new supply and demand zones can form after the date that this idea was published).
More ideas on BTCUSDT will be published every quarter, and on the aftermath of a new ATH.
Comment:
The ~24k demand zone was drawn incorrectly. It should be ~23k.