Liquidity
GJ BullishLooking to take some of the downside liquidity before coming to a nice zone where we saw price consolidate before tapping in and creating this big bullish move. Thinking we will see this repeat. Plans to enter on a change of character confirmation out of this zone, however possibilities of a downside entry on inverse confirmation may be possible.
I think you need to avoid buying Bitcoin right now. Here's why?The current price action was discussed in earlier articles. Those who follow my analysis and ideas know it. They know that Bitcoin can show an increase upto $32k in order to trap buyers.
Bitcoin needs some sort of fuel, and by fuel I mean liquidity, to move up with heavy buying pressure. Currently the effort of buyers cannot be seen in the 'break out' candles that are printing at this point of time. So there's an anomaly which means something is wrong. Once retail investors will start buying Bitcoin at this level, the Bitcoin price will rise up a bit, show those investors a cookie, and boom. It'll hunt all there stop losses before actually moving up.
So my point of interest where I believe BitCoin will bounce back from after a retracement from HKEX:30 -$32k levels would be from $24k - $27k. I'll be executing my buy side position once Bitcoin enters this price zone. Even if shows a further dump from the said price zone, I know that sharks and whales will buy Bitcoin heavily and would not let the price go down below $22k. So wait some time and do not panic buy right now.
That's what I'll do. Crypto markets are volatile and trade at your own risk
BITCOIN ($BTC) - Re-accumulation or Distribution? If this is in fact a re-accumulation range, we do not want the lows of current range to be broken.
Green liquidity zone would be a perfectly healthy correction - but it would lead me towards this current PA not being a form of re-accumulation, which does make a difference regarding where we are in the market cycle.
Vatsik
US30 DJIA RechargeBullish sentiment sees DJIA shifting into the higher 33000s. The overall market sentiment for the top 30, is exceptionally bullish.
Market Makers will drive prices down fuelled by stops and relatively quickly at that.
Looking deeper, we find that lower timeframes suggest a move to the upside, however, the larger timeframes point to a retest of early 32000s.
Will the herd win, or will the wolves?
Let's See.