Hi everyone!
I did the high time frame analysis on BTC (same as ETH).
I think we have not seen the bottom yet.
Why?
It is widely accepted that previous ATH was the range high...but I'm not convinced.
Look at the chart:
1) I have highlighted in red the backtest that triggered the selloff
2) I have highlighted in green the backtest that triggered the upmove
Important level and BTC not even touched...a coincidence?
Located just below the current range, with a large amount of potential liquidity.
What do you think if we break below the current range? Everybody will open a short to 10k ("same as the previous 6k level").
Perfect setup for a bear market rally.
Of course, it can go straight to 33-38k but I tend to be cautios in these type of market and look for max pain.
Let's see!
I did the high time frame analysis on BTC (same as ETH).
I think we have not seen the bottom yet.
Why?
It is widely accepted that previous ATH was the range high...but I'm not convinced.
Look at the chart:
1) I have highlighted in red the backtest that triggered the selloff
2) I have highlighted in green the backtest that triggered the upmove
Important level and BTC not even touched...a coincidence?
Located just below the current range, with a large amount of potential liquidity.
What do you think if we break below the current range? Everybody will open a short to 10k ("same as the previous 6k level").
Perfect setup for a bear market rally.
Of course, it can go straight to 33-38k but I tend to be cautios in these type of market and look for max pain.
Let's see!
Not
Decision time
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.