These are levels that I'll be keeping an eye on when dealing with BTC/USD, and I'll revise as price action progresses.
I adapt to the change in money flow.
Welp, the daily flipped bearish. However, Bitcoin is currently in a downtrend so, there's no surprise there along with the fact that price ran into a HTF supply. Basically, price is getting back inline with the overall trend, but if this range below price ($19706 - $22088) can give it support then I can see more upside movement. If not, I can see it heading towards $16510 which happens to be the low-end of the HTF range that price is presently within.
We shall see...
I adapt to the change in money flow.
Welp, the daily flipped bearish. However, Bitcoin is currently in a downtrend so, there's no surprise there along with the fact that price ran into a HTF supply. Basically, price is getting back inline with the overall trend, but if this range below price ($19706 - $22088) can give it support then I can see more upside movement. If not, I can see it heading towards $16510 which happens to be the low-end of the HTF range that price is presently within.
We shall see...
Nota
There might be a reaction if price get to the $19706 level. Liquidity.Nota
Considering that the overall is bearish, the daily flipped back to bearish, I would actually look for the $22088 level to be broken which is the HL on the weekly. if price closes below, that would indicate that the weekly flipped bearish. We shall see..Nota
If $25000 cannot act as support then I'll look to the $22088 level which is the weekly low.Nota
In order for Bitcoin to cointinue going up, it'll have to break & close above $30000. However, I don't believe that's going to happen at this particular time. We shall see..Nota
Get ready for $25,000. 👀If P.A. cannot find support at that level I'll then keep an eye on the $22,100 level.
Nota
I'm anticipating 1 - 2 more bullish legs to form in order for price action to run within $34500 - $40000. If so, I'll then look for key levels to be broken in bear's favor. Anything other than that, a break of the $45750 level will flip the trend imo. Weekly perspective.We shall see..
Nota
Bitcoin finally had a break below key support on the daily. $25000 is looking like price's next target. 🤷♂️Nota
I wouldn't be as excited on this current rally. Read the previous price, and you should understand why I say that. 🐻Nota
$25000 is up next! I'll be looking to see if price will find support between the $22100 - $25000 range. We shall see...Nota
I called it. $25000.If $25000 - $22100 cannot act as support, then $16500 is next.
Nota
Fundamentals:"BlackRock Close to Filing For Bitcoin ETF" - Coindesk
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Fundamentals:"Binance launches Bitcoin mining cloud services amid SEC crackdown in the US" - Cointelegraph
Nota
Price found support at the $25000 level. I'll look for Bitcoin to break the weekly range, hit above the $31100, hold and move up to this massive behemoth that's been waiting on price to reach it. We shall see...P.S. The range starts at $35200 and ends at $43000. $45600 would flip the whole trend from bearish to bullish on the higher perspective.
Nota
I would look to see if price will hit the $31315 level. If so, I would anticipate a downturn, even if it's short term. If not that, I'd look for a break of that level for continuation to the upside where there's something huge uptop waiting for price.Nota
P.A. hit the $31315. I'll look to see if it'll be respected or not, but for now, it has repelled from the level.Nota
***I'LL MAKE A MORE UPDATED PUBLISHED IDEA ON BITCOIN***Nota
Looking like it's ready to break below the $30000 mark. If so, next location of interest is $27200.Nota
The $30000 level was hit, price could head toward the $30920 then more drawndown. We shall see..Nota
Triple top at the $30922. I'll anticipate a sweep of those highs to the $31315 to head further down UNLESS there's a break of the $31315.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.