ThousandDollarBitcoin

ThousandDollarBitcoin

Today's forecast started off well, but my targets are now deeper. The red magnet represents a liquidity pool created by the recent high, which was made below a big even, also while trading is around the mean. After the supply zone is filled, I think we will drift down to touch the bottom of the demand zone represented by the green magnet. Longer term view:

ThousandDollarBitcoin

This is an update to the last two forecasts, I'm still looking for a megaphone pattern to repeatedly squeeze short and longs. I think price will gradually move up, but with a lot of volatility

ThousandDollarBitcoin

A megaphone formation could result from current indecision in the market. This would see price reaching higher highs and lower lows, breaching stop losses each time, until the liquidity is reached below $62,000, which I think will bounce up into a breakout

ThousandDollarBitcoin

I'm expecting price to osscilate around the current level, gradually climbing towards the ATH. I think that price needs to break the ATH at least once to access the liquidity pool that's accumulated there. Whether it goes higher after, or lower before are their own questions.

ThousandDollarBitcoin

Price is now in the "middle" so we could see some volatility as it gradually climbs towards the liquidity pool at $66,666, before dropping. Entries and stops are based on supply and demand zones. The yellow fib channel was placed along the dashed down trend and then shifted up to fit the breakout.

ThousandDollarBitcoin

Volatility like the recent bull run is often followed by a more gradual trend. We could see a slow long squeeze that could erode the bulls just enough to break to a lower low and access the liquidity therein. We can catch the bounces off of the demand zones and hold a low leverage short otherwise Longer term view:

ThousandDollarBitcoin

This is a short term update for the related chart. If I'm correct in thinking that this will be a long squeeze with 56K as the target, then we will see price dropping through support levels, without much of a bounce, until we break the next big even at 57K.

ThousandDollarBitcoin

I think the market is "naturally" bullish, but whales are pushing price down. The circled price action looks like a short squeeze, and now whales have entered short and are ready to push price down to break $56K. My levels are places assuming strong bounces from liquidity levels. Following the break of 56K I'm expecting a breakout of the longer term down trend.

ThousandDollarBitcoin

I think that the market is bullish, but is currently being pushed down by whales to trigger the stops at $56,666. This could result in a strong spring up to $63K Longer term view:

ThousandDollarBitcoin

I'm expecting a breakout and retest of the downtrend. Longer term view:

ThousandDollarBitcoin

I'm expecting price to break out of the downtrend before returning to the point of control (red line) Longer term view:

ThousandDollarBitcoin

Short squeeze -> long squeeze -> short squeeze -> long squeeze Longer term view:

ThousandDollarBitcoin

I'm expecting a liquidity hunt, with the target liquidity pools being below $66K and above $49K. I think we will see increasing volatility until we reach those levels, then we will see a mid-term bull trend begin to form. Longer term view:

ThousandDollarBitcoin

I'm expecting: bear trap -> Short squeeze -> Long squeeze long term view:

ThousandDollarBitcoin

I think price will move towards the liquidity pools above and below the major trend lines. The key levels driving the psychology behind the move are 60K and 50K. Price can squeeze short and longs at these levels. Longer term view:

ThousandDollarBitcoin

I think price will touch the resistance trendline before rapidly dropping to a lower low below $50K. Longer term view:

ThousandDollarBitcoin

I think the market will be drawn towards $60K like a magnet, then once the demand is exhausted in that liquidity pool, we could see a rapid drop to a lower low. longer term view:

ThousandDollarBitcoin

Today's bull run caught me out, but I've re-entered short since I expect price to drop faster following today's spike. I'm still looking for a H&S with a head at a lower lower Longer term view: