Bitcoin correction. Waiting for 70k-76k
The previous idea suggested Bitcoin would reach $95,000-$100,000 before entering a 1-2 year bear phase alongside the U.S. stock market decline.
Bitfinex:
However, based on Coinbase orders in the $70,000-$76,000 range and recent BTC sell-offs on Bitfinex over the past three days, it looks like this correction is being dragged out to trigger more liquidations.
This crypto correction might also align with an SP500 drop. Waiting for lower levels to find good entry points.
Coinbase orders:
BTC/USDC Liquidation Heatmap
The previous idea suggested Bitcoin would reach $95,000-$100,000 before entering a 1-2 year bear phase alongside the U.S. stock market decline.
Bitfinex:
However, based on Coinbase orders in the $70,000-$76,000 range and recent BTC sell-offs on Bitfinex over the past three days, it looks like this correction is being dragged out to trigger more liquidations.
This crypto correction might also align with an SP500 drop. Waiting for lower levels to find good entry points.
Coinbase orders:
BTC/USDC Liquidation Heatmap
Trade active
Trade closed: target reached
Hello everyone 😀🔥.➖ It’s been 31 days since I posted the idea on TradingView for Bitcoin.
➖ As a reminder, we were expecting a drop to the 70-76k range to enter a long position for the final push, so to speak, toward 95-100k. In my absence, Bitcoin hit the target.
Unfortunately, I was waiting for 70k on Bitcoin and missed this rally.
1. Locally, I think Bitcoin will trade sideways ±.
2. Globally, 95-100k for Bitcoin is a reversal zone with a further target of ≈ $5,000 based on Coinbase order books.
BTC/USDC chart:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.