4H timeframe
All the short liquidity has been absorbed from the last 6 months at the current price range. Next zone up would be 113K - 118K range.
In the interim the chart is indicating that a correction could be the next move for Bitcoin. Signs:
- Overbought on daily TF
- Liquidity absorbed
- significant divergence on the 4H
- starting to break the uptrend
98K would be the next price level down as previous resistance could flip into support.
0.5 fib @ 89K which would achieve a liquidity grab and fill a fair-value-gap.
All the short liquidity has been absorbed from the last 6 months at the current price range. Next zone up would be 113K - 118K range.
In the interim the chart is indicating that a correction could be the next move for Bitcoin. Signs:
- Overbought on daily TF
- Liquidity absorbed
- significant divergence on the 4H
- starting to break the uptrend
98K would be the next price level down as previous resistance could flip into support.
0.5 fib @ 89K which would achieve a liquidity grab and fill a fair-value-gap.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.