Whipsaw coming as bitcoin consolidates the 50-60k level

3 Eki

Forecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know.

James

7 Eki

Not

11 Eki

Not

Idea is close to invalidation at 60.7

11 Eki

Not

58 looks to be a suitable bottom

11 Eki

Not

Watching close

11 Eki

Not

short closed switched long

12 Eki

Not