BTC/USDT short term scenarios

Bitcoin opted for the most positive scenario in my previous idea. It represented the most favorable outcome, so I am also hopeful that this is what will unfold.

There is a significant liquidation heatmap of + at $67,500. Since the bulls have already managed to pump to , it would be a shame to miss this opportunity to consume this liquidity.

The pump exhausts, and the indicators need to reset lower.

Scenario 1: pumps to and then faces rejection. It shorts down to the first support orange box, then pumps higher again. This represents the best positive scenario.

Scenario 2: pumps to and then faces rejection. It shorts down to the next support, the green box at around , and bounces back to the orange area.

Scenario 3: a catastrophic one, where is rejected at the resistance area and dumps down to the red GETTEX:45K area, leading to capitulation.

These are short-term scenarios; anything can happen in crypto, as it is unpredictable. Whales are playing with your money and attempting to deceive you. DYOR (Do Your Own Research).

Note

didn't manage to exit the orange box. Therefore, we are still in a danger area and any of the 3 scenarios are still possible. the plans are working, Apparently scenario 1, the most favorable seems to play out, but careful, nothing is sure until exits the orange box and make it a support.

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scenario is yet to play out.
is sitting in the middle of my orange box at 61k. It is a critical support to hold, in order to grab that liquidity. Otherwise, Monday will see if the bull can fight, because it will be the decisive day. see you Monday. Set your stop-losses.

Note

Finally the 1) first scenario which was the most positive one is playing out as expected.

has bounced and was rejected exactly at the bottom of the supply resistance. Some whales are defending this area to avoid being liquidated. Now the top of the orange box (64k) should act as support and should bounce on that support to try to go though this resistance and wipe out all these shorts at 67k.

If re-integrates the orange box, that will be an invalidation of the break out. But there is a low probability that this happens, see that the tradfi is pumping and the ETF are buying again.

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Mission accomplished, scenario 1) played out perfectly as explained. I close this thread and will open a fresh one soon.

Don't forget to follow me, so that you get noticed when I update.
Thanks and happy trading!

Note

is trying to break the resistance at $67250 and got rejected at $67295. They are doing it in Sunday to have less bears to fight. Let see if it is working.

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WARNING: the Iranian President has been killed in an helicopter crash.
If they find that it is suspicious and for example that Israel is involved, we might have a huge black swan event.
Killing a president is an act of war.
Keep an eye on this news, that might affect the market. It is risky to trade until this is cleared.

Note

This idea is closed, it played out perfectly and with a good precision. Follow me for more.

Trade closed: target reached

CryptoNikkoid

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CryptoNikkoid

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