Given that we had a reaction from the monthly range eq, I'd ideally like price to visit near RL. Considering btc has been pumping nonstop for months, it would be healthy to have some form of correction and cooldown period.
I am in 'BTC will take the USDC FUD low' camp. Hoping that Q4 is going to bring some opportunities with which we can initiate the next uptrend for a couple of months till 2025.
Weekly seems clean. Either retest to yellow box or not, the plan is to keep the spot exposure till 35k. Triggers to add 1) add in the box 2) add weekly close above 32k. invalidation clear, acceptance below 27k
Illustrated what I would expect from btc for the next 14 months. Ideally the price fill the fvg to the upside, deviates and comes back below to YO. There it starts the accumulation period. Upon proving that YO holds as HL, we initiate the next bull cycle.
Detailed explanation of 2023 in terms of price points and ranges. Notes on chart speak for itself. Planning to mostly follow what's stated on the chart.
Price dropped into the previous imbalance area. Looks like got a reaction so far. Nonetheless, the next move will be deciding. If it were to follow longer blue line, might punt a long with a tight stop. Could still be a retest of breakdown given that the drop also has a micro frame inefficiency.
Marked the key areas for price to react. 20.5 - 21.2k is a range that I don't want to pick a side - so no trade zone. Below 20.5k, I want 20k to hold to see continuation. If 21.2k makes S/R flip, dips are for longing to 21.9 and even to 22.8.
I'd like to see bullish breaker (being WO at the same time) to get tested and hold. If so, I seek to punt a long with a tight SL just below.
Personally thinking below 17k is void till 12k area. Given the 17k fails to hold, the price would likely to end up in high volume node area and historical pivotal 10-12k zone.
Last couple of weeks have been great in terms of PA and range play. Looking for the pointed triggers to pick a position in the market.
One of the ideas that I am prepared for. Not saying it will happen but saying it might and I'd like to be ready if it does.
Yearly bitcoin graph showing that it is the best performing asset of the century. No leverage need to make money
2017'nin benzerini yasayacak miyiz? Hem PA olarak hem RSI olarak fraktal uygun duruyor.
Weekly zoom-out, $40k S:R flip in higher times frames or no?
First TP 471xx Second TP 511xx Re-test is expected which is a buy opportunity.