A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Note: I was incorrect in planning the imbalance to take us back to 20k or below, the reason for this is imbalances revert back to the original imbalance. With Crpyto's it seems the Golden ratio and a high probability to 0.786% Deep retracement zone.
Master Key for zones *Blue = Monthly *Purple = weekly *Red = 4 Days *Yellow = 16 Hours *Orange = Daily *Dark Green = 8 Hour *Grey = 4hour *Pink = 1 hour
Please see the previous chart idea to understand where price was heading
Monthly Imbalances Here are the latest imbalances for Bitcoin, where the point of interest had offered a weekly candle close from the peak high of $64,823.XX to $51,997.XX. This is a huge imbalance where price has offered a large change of hands to a critical price inefficiency. Sellers are now in control and created a low with a heavy drop where the weekly shows the rapid selling. This is due to the buying imbalance now changing to provide efficiency based up on the pivot point.
Bi-monthly Chart The weekly sell zone from 64K All time high (at current). The Fibonacci took us back to the weekly zone [which aligns with the Bi monthly] - refer to Weekly chart [1]
[1] - Weekly Chart The Fibonacci successfully closes out with the -0.618%.
Understanding the Market Capitalisation of the coins history.
Here is the Bitcoin market imbalances cap - monthly chart
Daily Market Cap with BTC price Notice the daily imbalance on the market cap and the price chart equate to the same position opportunity.
BTC - candle sticks ETH - purple BNB - Rose pink XRP - Orange ADA - Green
See what happened from our previous analysis - From the $50,000, a trade hedge has been place to capture selling opportunities as price offered a opportunity to short term sell, but long term holding target - subject to pivot points. Trade is now in full profit and if stopped out, no losses will be incurred
Here is the Daily, since the previous analysis - please ensure you read to understand why this was taken.
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