So at 23.59hr on 30th June, which was our key trading date. 1 out of our 4 trading scenarios played out .
Which was —
If Bitcoin price stays below 9158 with a controlled supply on a higher daily timeframe - its a bullish signal .
This scenario played out to perfection.
Some interesting thing I noticed on the chart -
Monthly timeframe- monthly chart saw...
BTC Play Book !
What I’m looking out for and what I will do in the next 6hrs . 30mins.
Btc -
Pivot - 9402
Bullish scenario
1. If price drops below 9402 with controlled supply on HTF
2. Price above 9402 with high demand volume on HTF
Bearish Scenario .
1.if Price stays above 9402 with weak demand htf .
2. If price drop below 9402 with strong supply...
Btc Update .
After that heavy supply from 10 100 region to 9300 region btc hadn’t seen a supply on the daily until yesterday..
Yesterday daily closed with a red candle ( price action ) however with a controlled supply. Which gives room for more demand.
“My play book” - Possible scenarios
1. Due to less supply I’m expecting more demand and a green candle...
$10 400 next ???
Expecting a lot of price action and Volatility today .
Bias : Bullish
Market dynamics: a very controlled supply on 4hr - 8hr timeframe . Expecting more demand to push prices to 9900 - 10k region and possibly a retest or breakout of 10 400 depending on strength of volume .
Resistance : 9890 , 10 060 , 10240 , 10 420
Support : 9700 , 9300 , 9150
Market Dynamics.
On the HTF I’ve been Bullish so still sticking to my bullish sentiments .
Entry at $9500 - still holding position .
My thoughts for today?
Btc on the 8hr timeframe showing controlled or less supply- and you know what happens when there is less supply ? - MORE DEMAND. ( this pushes prices up.
However on the 4hr chart there seem to be...
