Bitcoin bull market This is my main market idea for this year, has been my blueprint since march. I was right about range-bound correction after reaching 73.8k, I personally think we could see a lower low from here but not really sure, the predicition (sending from here) also makes sense since alts corrected heavily and crypto could have seen their bottom for...
Dxy providing confluence Would like to take 1H order block
I would like to see a swing failure pattern (SFP) into 1 week demand. We can have a good reaction at the monthly support level and a confluence with a psychological support ($0.9) If trade goes as desired, evaluate reaction at monthly open & naked poc level.
Price already showed a great reaction to HTF OTE (70.5% of swing), we have a raid of eqhs as our stop and a 1D OB in OTE provides the entry. I'm aiming for trendline liquidity below for a partial TP and the HTF EQLs as a final TP.
Trend-line liquidity taken. 1-Week OB below (1-Day OB refined). 1 Day FVG. Perfect 1M OB Above (Big fair value gap).
Update on bitcoin bullmarket scenario. Confirmation on 61.8% of wave 3, possible regression to 40k~ zone with objective on 142k in mid-term. Possible objective by 2022: 400k USD
1st Take Profit: $1418 2nd Take Profit: $1191 SL: $2041 (invalidation)