Bitcoin @ key support level: $41.7k. High liquidity zone nearing
Updated
Today I was trading 
MARA puts expecting breach of 41.7k. While that didn't happen during the day, my puts still have a chance over the weekend. Let's take a look at the possibilities.
Let's look at this chart below:
The bull case is that 41.7k acts as a high liquidity zone and instead of being breached, it rockets from here. Given that possibility, I didn't swing a whole lot inMARA puts.
We'll see.
As always, follow/ like/ support for some nice trades when market is open. I usually target
SPY 
TSLA 
AMD 
NVDA 
QQQ
Cheers & GL.
MARA puts expecting breach of 41.7k. While that didn't happen during the day, my puts still have a chance over the weekend. Let's take a look at the possibilities.Let's look at this chart below:
- First let's look at the diamond top - this is one of the most bearish patterns in my opinion and a strong indication of a major trend reversal.
- Followed by the "h-pattern" - this is a mix of bear flag/ headshoulders and not a very known bearish pattern since it's basically a combination of a few bearish patterns. Easily identifiable as a lowercase H.
- Our key support here is $41711-ish. Take a look at the wick zone that I highlighted. That'll be pretty difficult to breach at first but if we test that level again, will be a major stop loss raid.
- Should be clear skies with no support till 40.6k.
- The real challenge is 40.1k. That dip will get eaten up reaaaalllll quick. There might already be limit buys in that zone. Easy money if you're daytrading here.
- There's soft support @ 41.4k but it'll be taken down quickly if we breach 41.7k.
- I'd be a strong buyer @ low 38k. While it's possible, I don't see a reason to slide to that level yet, unless there's FOMO-selling.
The bull case is that 41.7k acts as a high liquidity zone and instead of being breached, it rockets from here. Given that possibility, I didn't swing a whole lot in
MARA puts. We'll see.
As always, follow/ like/ support for some nice trades when market is open. I usually target
SPY TSLA AMD NVDA QQQ Cheers & GL.
Note
Successful analysis. Targets achieved. We hit 40.7k as precisely indicated. "Clear skies till 40.6k". +2k on this trade if you followed it. Follow for more.Next up 40.1k - 40.6k, which will be a hard one to breach. High liquidity zone there. If we do breach it tho, game over for bulls until 39.6k
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