BitcoinLong
BTC needs to hit at 67000 for volatility to reverse the trend
It's the "Idea" section, so, by, definition does not state truth or fact, nor goes beyon personal opinion, and thus represents only a vision of a variable. Just wanted to share a detail or two, maybe it'll help you out, maybe not.
61433 -> 62984 -> 65510 -> 68236 -> 67649 + 69343 -> Spring is loading?
I noticed rapid buyback zone as of recently, with mediane at 66644.
We're currently above "spicey" 65429, where BTC performed coal dancing since 02 of April, gradually spinning around this level for 7 moths, revolving steadily. I've also noted that BTC has tried to swing around 69649 6 times already, failing to hold grasp. This is the 7th attempt so far, and that's curious - last 6 attempts happened in the last 6 months. Last time this happened 3 years ago, in 2021. Anomaly.
ATL's since April were 49731 -> 52559 -> 58857: they're growing steadily, with 58857 been a troublemaker and forming a strong buyback zone, aprox 2500 pp wide from under the 55614.
Charlim sucks, TL;DR - price is overheated, but in a different way. Seems like a process of loading the spring before it hits "release" point and enters the expansion cycle. It has to hit |67065 ~ 66500| for volatility to spike up enough for reversal in trend. Meh. At 68k it'll be able to break out bull, but that's meh x2.
BTC will have hard time crashing back to 58k, since, that's where the last ATL's are, which tells about hard resistance level.
Be aware: crypto is not the place for precice TA, one flash crash and the trendline is done.
Vary your TP/SL according to the individual risk tolerance.
61433 -> 62984 -> 65510 -> 68236 -> 67649 + 69343 -> Spring is loading?
I noticed rapid buyback zone as of recently, with mediane at 66644.
We're currently above "spicey" 65429, where BTC performed coal dancing since 02 of April, gradually spinning around this level for 7 moths, revolving steadily. I've also noted that BTC has tried to swing around 69649 6 times already, failing to hold grasp. This is the 7th attempt so far, and that's curious - last 6 attempts happened in the last 6 months. Last time this happened 3 years ago, in 2021. Anomaly.
ATL's since April were 49731 -> 52559 -> 58857: they're growing steadily, with 58857 been a troublemaker and forming a strong buyback zone, aprox 2500 pp wide from under the 55614.
Charlim sucks, TL;DR - price is overheated, but in a different way. Seems like a process of loading the spring before it hits "release" point and enters the expansion cycle. It has to hit |67065 ~ 66500| for volatility to spike up enough for reversal in trend. Meh. At 68k it'll be able to break out bull, but that's meh x2.
BTC will have hard time crashing back to 58k, since, that's where the last ATL's are, which tells about hard resistance level.
Be aware: crypto is not the place for precice TA, one flash crash and the trendline is done.
Vary your TP/SL according to the individual risk tolerance.
Note
huh, so #btc hit past the rapid buyback zone and then bounced. once. now it at the start of previous pattern. same buyback zone is reached, but this time it's only a shadow of former pressure. 
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