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$BTC 15m considerations.
If NO range high rejection is observed, it's plausible this W off the 200ema is a reset.
This would generally point to me expecting 3 more moves to the upside which could be the power needed to clear the liquidity.
Last chart from me for the weekend.
Enjoy your day.
$BTC 15m update end of Asia.
Pretty cruddy chop session.
🐂Bulls ideally need to keep circa $62,300 to maintain a lower TF HL to still have a chance at that 65k liquidity pocket this week IMHO.
Enjoy yourself.
If you caught the stream yesterday w/ the legends @CryptoLandy@bitsofwealth@Rlad1776 you might have seen this little chart.
It's a rather interesting thing on the $BTC MONTHLY chart we briefly discussed.
This is a demonstrating MONTHLY bearish divergences across $BTC which might be giving us a preview into the longer BULLISH price targets.
It's something I will keep tabs on.
Enjoy.
$BTC 12hr Analysis with a focus on VOLUME.
A very brief but telling (IMHO) piece of data i'm using to demonstrate why I don't think this is a DOUBLE BOTTOM and why continutation to the downside is more likely than not.
You can see how at the end of each impulsive move down it was met with DEMAND aka BUY VOLUME.
What you can see right now is that this current move down right now is lacking this very important detail.
Enjoy.
$BTC arguments between BULL and BEAR markets really isn't opinion.
It's actually quite simple and this rule works on basically every timeframe.
Do this and stop arguing with people who's diet is 75% glue (yes it can be a tasty treat) 🍬
Facts > Feelings
1⃣ Open up your volume tracker of choice
2⃣ Eyeball the volume that is higher
3⃣ Is Up/Buy volume generally higher than Down/Sell volume ?? => BULLISH 🐂
4⃣Is Down/Sell volume generally higher than Up/Buy volume ?? => BEARISH 🐻
Take the first image for example, do you really even need a chart to go with this or do you think you could work it out purely based on the VOLUME???
Add in the second image... It's pretty obvious right??
Sometimes simple is better.
$BTC 15m update end of Asia.
Pretty cruddy chop session.
🐂Bulls ideally need to keep circa $62,300 to maintain a lower TF HL to still have a chance at that 65k liquidity pocket this week IMHO.
Enjoy yourself.
Keep an 👀👀👀👀 on OI during this phase. It can give hints into the MM plans for when the move is cooling off.
Right now positions are being closed against the trend.
Bulls want to see the OI begin to come in again
Keep an 👀👀👀👀 on OI during this phase. It can give hints into the MM plans for when the move is cooling off.
Right now positions are being closed against the trend.
Bulls want to see the OI begin to come in again