Watch a quick drop on BTC today! We got many liquidations there. This would also be a 4hr mean reversion!
This idea shows the formation of a top at AAVE. It's still a long move because currently it looks like we are doing a mean reversion. Let's see if the EMA50 holds on the 1 hour time frame and if we could see higher prices.
This is the bearish scenario for the week. We have two clusters of liquidity. One at GETTEX:64K and at $65k. I expect a sweep of the previous FWB:65K highs and then a reversal if we turn into an correction.
We are doing a mean reversion on the 15 min timeframe right now. This could be a good entry for the europe session today. The orderbook shows alot liquidity in the area at around $64.5k.
We probably won't see much price action today even though rates were cut to 5% yesterday. Many market participants are bullish, but this feeling can quickly disappear if the Bank of Japan (BOJ) decides to raise rates again, creating a situation like the one on August 5th. We got some clusters of liquidation around ~$63k but we have alot more at <$58k to liquidate.
I'm watching the price action closely today as we approach the CME gap at $61.5k. We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
Take the high and take the low. We are about to approach the red line. The middle of the range, which I think will serve as resistance. We could move to $61.4k by Wednesday, but the FOMC will shake the markets a bit then. On Friday, it will also be interesting to see if the Bank of Japan decides to raise rates.
Please take into account in your analysis that Bitcoin has a CME gap at around $54.2k. CME gaps are usually closed by the price moving towards them. This is on the 4 hour time frame and not as small as a gap with around $500 in spread.
Polkadot is currently at very close to his all time low. The Risk Reward Ration is pretty good here imo. Polkadot is not a an old coin. It was new in the last bull run but I still think it can gain momentum in the next bullrun.
Bitcoin is right now doing a big stop hunt above the $58k level but closes negative/small positive body + big wick. I could see $56k as the next target because there are some clusters of liquidity.
In this idea, we are considering a stop-hunt to the GETTEX:59K region due to the CPI data coming out differently than expected. At 14:30 CEST to 16:00 you can expect a lot of volatility during this time. Liquidation charts show a cluster of about $1.2b at around $58.7k.
We are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very...
We could see a rapid rally on Monday that will last until Wednesday when the CPI data is released. We are currently in a mean reversion as show with the arrow. We broke through the ema50 and are retesting it right now. The order books are also pointing to $56k as there is a lot of liquidity in the form of orders looking to be filled.
Look at this retest of this horizontal support at around $20. GME has also retested and held the EMA50 on the weekly time frame, which looks quite promising, like a mean reversion and even more bullish because it is a higher time frame.
This idea shows a scenario of a possible start of the bull market. Solana has been moving sideways for a long time. I expect a manipulative event in the red square, like the Fomc event or a war event that will shake the last bull, but all this is preparation for the bull market event. The target is anything above the all-time high.
Bitcoin was rejected from the $58k level yesterday. Right now, I could see a move higher, but until the trend has changed, we will continue to make lower lows. One level to keep an eye on is still the low at $54.5k.
In this scenario, we retest $58k and move lower to reach the low at $54.6k. These price moves should be watched closely as they can become volatile with falling stock prices and economic data. Today the JOLTS job openings will be released which could cause volatility. If the economic data turns out to be bad for the dollar in the next few days, the upside scenario...
In #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at $56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be $56k and if things...