BitcoinLong
BTC: Last bullish drive next week to ATH
Let's talk BTC in the bigger picture.
Last week price pushed below a REQL (Relative Equal Low) which is used for liquidity purposes to manipulate under so that price can be pushed up.
We are currently still bullish in the interim, but there are signs that a new all time high will likely be the last bullish push.
This is similar to the circumstances that created the bearish drive down in 2021-2022:
And the crash in 2018:
I believe in our case that the +108k high will be breached, we will make a new ATH, but that it will cause a bearish breakdown. You can easily see the liquidity on the upside of our current situation (almost exactly like 2021-2022) which will be manipulated and price pushed down.
Let's be honest with each other. Price has been bullish for over 2 years now. It is overbought. We are extended over the BOS (break of structure) from the ATH in 2021, and let's face it. Everyone is bullish.....
Everyone...
When you start seeing crypto on your social media news feeds, you know its time to plan your exit. Sell when everyone is buying, buy when everyone is afraid to.
Actually, buy when heads of crypto exchanges are being jailed and the news of Bitcoin is bloody...
For the meantime, let's explain this last bullish structure that's going to manipulate a ton of people into buying, only to pull the carpet out when price is at the top. Price was manipulated in the previous REQL which caused price to rocket up. You can catch this trend to the ATH.
Expect price to feverishly push down and create a REQL liquidity zone that will be manipulated. This is likely to play out Monday. I expect Tuesday to play out the manipulation (historically Tuesdays are the low of the week 70% of the time).
We can use the True Weekly Open (from quarterly theory) to see where the premium and discount zone is. In our case, discount is below 94,400. We can use the previous liquidity zone that was manipulated to get a likely reversal zone around 94,200, which is within the OB.
From there we take the trade to ATH.
Again....... Do NOT stay in crypto past the Bitcoin all time high. Sell Sell Sell.
Last week price pushed below a REQL (Relative Equal Low) which is used for liquidity purposes to manipulate under so that price can be pushed up.
We are currently still bullish in the interim, but there are signs that a new all time high will likely be the last bullish push.
This is similar to the circumstances that created the bearish drive down in 2021-2022:
And the crash in 2018:
I believe in our case that the +108k high will be breached, we will make a new ATH, but that it will cause a bearish breakdown. You can easily see the liquidity on the upside of our current situation (almost exactly like 2021-2022) which will be manipulated and price pushed down.
Let's be honest with each other. Price has been bullish for over 2 years now. It is overbought. We are extended over the BOS (break of structure) from the ATH in 2021, and let's face it. Everyone is bullish.....
Everyone...
When you start seeing crypto on your social media news feeds, you know its time to plan your exit. Sell when everyone is buying, buy when everyone is afraid to.
Actually, buy when heads of crypto exchanges are being jailed and the news of Bitcoin is bloody...
For the meantime, let's explain this last bullish structure that's going to manipulate a ton of people into buying, only to pull the carpet out when price is at the top. Price was manipulated in the previous REQL which caused price to rocket up. You can catch this trend to the ATH.
Expect price to feverishly push down and create a REQL liquidity zone that will be manipulated. This is likely to play out Monday. I expect Tuesday to play out the manipulation (historically Tuesdays are the low of the week 70% of the time).
We can use the True Weekly Open (from quarterly theory) to see where the premium and discount zone is. In our case, discount is below 94,400. We can use the previous liquidity zone that was manipulated to get a likely reversal zone around 94,200, which is within the OB.
From there we take the trade to ATH.
Again....... Do NOT stay in crypto past the Bitcoin all time high. Sell Sell Sell.
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