Seven 8H bear candles in a row... approximately 1 billion liquidations in longs alone within past two days. BTC finally dipped below 2024 close ✅
I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.
If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k
Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590
Lines on the chart:
🔸99660 - November high
🔸98340 - week close
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low
Trend: D ➡️ W 🔼 M 🔼
🤑 F&G: 69 < 70 < 78 < 76 < 72
I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.
If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k
Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590
Lines on the chart:
🔸99660 - November high
🔸98340 - week close
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low
Trend: D ➡️ W 🔼 M 🔼
🤑 F&G: 69 < 70 < 78 < 76 < 72
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Crypto reviews - t.me/WiseAnalyze
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Crypto watchlist - t.me/WiseAnalyzeDCA
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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.
FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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.