Long

Bitcoin triangle untill arround end of May23

Updated

Bitcoin still in consolidation till maybe arround end of May23 after that a new leg up, support 27200-26600 followed by 25500 what is D smma and trend what is arround same level of SMMA, i am not expect more down side but 26600 will be maybe reached in that rest of triangle, as touch of D smma like a flash test. I any case daily closing candle will not be lower than 26600. If will, that mean a longer consolidation and a retest of 2023 trend from december 2022.
I will also post the USD-t Dominance what is very close of liquidity trend since November 2021!!! tested already 3 times

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4H TF for a better understanding of my explanation

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USDT dominance, very close to the trend 7.44-746% and then we may see a bullish momentum in BTC and ETH followed by the rest of Crypto market

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price of BTC as ETH very close to the D smma for a decent correction

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look ETH too, i think will go first up, but still final correction will be trend line like BTC too

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In USDT Dominance i will expect in the Weekly tf same candle to be close like previous one as u see marked

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in D tf will understand why i am expect as candle to go back above the liquidity trend line, first of all a big resitance in 7.91% and touch of SMMA and MACD zero
Let see what is happening on the confluence, but i am sure SMMA will push the price hardwr up on BTC and ETH as i show you

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still same correction, i will update if something major happening

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still short in BTC from 27.7k zone till arround 25-25.5k BTC need to retest support

Trader-MP

twitter @mihaipetrea6
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