Used the bar tool to copy historical price action on the BTC INDEX. Drew out Order Blocks to give future anchor points. Circles line up. Have some fun and push play.
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Possible wick above to fill the imbalance area
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We bounced from the exact bottom of the orderblock
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I ran the Volume Profile over the entire BTC Index to find the Global High Volume Nodes. It is interesting to see how they line up with the order blocks. More confirmation of key levels in those areas.
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Imbalance above and below with a low target of 16k range. Can we buy at such a good price again?
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based on history, we could accumulate until Jan 15th 2024
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April 30th this imbalance was posted. Target hit on June 14th to find support. Price action loves to revisit imbalances. But only for a bit.
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I still think we could see 16,440 after some range acrobatics.
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Let us not forget the Macro Global Golden Pocket. (Total Cryptocap)
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1.15 Trillion is a powerful level for the Total Market.
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We have to break above this current orderblock structure to go higher. If we reject again from this area then I see a potential bottom of $16,440.
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total market and BTC have rejected yet again from the global golden pocket of 1.15 trillion (Total chart). We must break 31592 (the wick up of June's sfp) to go higher. Im suspicious of what some call a blow off phase incoming.
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i highly respect this chart by trader-123456 ....
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gravity.
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i still dream for that sweet level of $16,440.
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We have officially rejected from this orderblock. Doesnt mean we will go lower, but going lower is more likely.
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SFP'd (swing failure pattern) the imbalance of 25345
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"If" we get the pullback many of us suspect, then we could bounce in the lower zone after ranging a bit.
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However im more suspicious that we will go down to 31k area first.
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