Scenario 1: Bullish Momentum
- Ongoing uptrend, suggesting the bottom is established.
- Establishes a robust support at $15479.
Scenario 2: Potential Reversal
- Reversal from the current level at $43700.
- Targets an extreme price of interest around $3540.
Scenario 3: Extended Bullish Trend
- Sustained bullish movement towards the internal order block ($62295-$69000).
- Potential reversal from this block to the extreme price of $3540.
Note: While leaning towards Scenario 1, it's crucial to remain adaptable in the unpredictable realm of crypto. Preparedness is key. 🚀💡
(This was posted earlier but got deleted due to TradingView's policy which I was unaware of. With the price action of now I'm seeing scenario 2 becoming reality.)
- Ongoing uptrend, suggesting the bottom is established.
- Establishes a robust support at $15479.
Scenario 2: Potential Reversal
- Reversal from the current level at $43700.
- Targets an extreme price of interest around $3540.
Scenario 3: Extended Bullish Trend
- Sustained bullish movement towards the internal order block ($62295-$69000).
- Potential reversal from this block to the extreme price of $3540.
Note: While leaning towards Scenario 1, it's crucial to remain adaptable in the unpredictable realm of crypto. Preparedness is key. 🚀💡
(This was posted earlier but got deleted due to TradingView's policy which I was unaware of. With the price action of now I'm seeing scenario 2 becoming reality.)
Nota
Scenario 3:Here is the updated chart for Bitcoin. What still looks like a liquidity sweep on the weekly chart it already made a break of structure which gave us a new major support.
Also marked the two points of interest.
Nota
4H Chart: Daily Chart:
Weekly Chart:
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.