B I T C O I N
Updated
These are levels that I'll be keeping an eye on when dealing with BTC/USD, and I'll revise as price action progresses.
I adapt to the change in money flow.
I had published an idea on Bitcoin back in May from the weekly perspective, and this is an updated version from an H4 perspective to get a look within price action. Weekly range was entered on June 15th '22 and has been consolidating since then, but the fact that it's been supporting price for over a month is very promising in bull's favor.
The fact that these bull ranges are stacking within this weekly range can be taken as confluence. I would like to see a B.A.R. of the $22867 level which I look at as the bulls momentum is building. We shall see..
I adapt to the change in money flow.
I had published an idea on Bitcoin back in May from the weekly perspective, and this is an updated version from an H4 perspective to get a look within price action. Weekly range was entered on June 15th '22 and has been consolidating since then, but the fact that it's been supporting price for over a month is very promising in bull's favor.
The fact that these bull ranges are stacking within this weekly range can be taken as confluence. I would like to see a B.A.R. of the $22867 level which I look at as the bulls momentum is building. We shall see..
Note
A retest to the 20K level would be great before price action start to actually take off. 👀Note
Continuation formed from the H4 perspective.Note
$22867 was breached. 👀Note
$22867 was broken from the H4 perspective. Bull's favor.Note
Next upcoming barrier I'm noticing is around the 30K price point.Note
Since the upper range has been broken we can now look at price potentially enter a retest phase until otherwise.Note
P.A. is currently experiencing a retest phase.
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