Crypto Analysis - Bitcoin Monthly Price Action FVG
With so much indecision in the market the sentiment has been forked with Bulls and Bears ... the highest since 2003 according to bloomberg's analysis on the S&P targets for analysts High vs Low targets -
This general sentiment goes thru out markets that just follow an ebb and flow till something happens in that particular sector. A good example of this is Nasdaq bullish movement due to mostly AI boosting tech into new highs. Or the banking industry affecting the Dow.
With that said , Crypto looms with much uncertainty as nations adopt digital currency formed by legislations in their respective localities.
My personal standpoint is from a thesis that price action moves to liquidity and inefficiency. Crypto bull runs left much inefficiency and liquidity sits at key areas on the Monthly Timeframe:
BTCUSD
BTCUSDT
BTCUSD
This general sentiment goes thru out markets that just follow an ebb and flow till something happens in that particular sector. A good example of this is Nasdaq bullish movement due to mostly AI boosting tech into new highs. Or the banking industry affecting the Dow.
With that said , Crypto looms with much uncertainty as nations adopt digital currency formed by legislations in their respective localities.
My personal standpoint is from a thesis that price action moves to liquidity and inefficiency. Crypto bull runs left much inefficiency and liquidity sits at key areas on the Monthly Timeframe:
The Annual Range midpoint for 2022 is noted at 31850
Orderblocks from June 2021 Mean threshold for Open to Close - 36168
Range midpoint 35061
A Fair Value Gap is formed for the month of May 2022
Quad levels for this area:
High - 37590
upper quad - June 2021 OB mean Threshold
Consequent Encroachement - Near June Close 2021
Lower Quad - 33370
Low, IOFED = ’22 Annual Range Midpoint
BTCUSDBTCUSDTBTCUSD
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