BTC $95,105 is as low as it gets!
BTC Analysis (3D) 12/18/2024
It's likely one of these two scenarios for BTC plays out.
Depending on the FOMC it could get invalidated but this is what I'm seeing on the charts at the moment.
• Slow grind to 120-130k
or
• Retrace slightly to about 95K where we almost certainly will get SOME bounce, as that is where the preliminary fib line lies on the DFR as well as an anchored VWAP and it matches with the anchored Volume Profile (Im positive one of the MAs is also in this range).
If this level holds, we will most likely create a new ATH at $120,000+
Thoughts?
It's likely one of these two scenarios for BTC plays out.
Depending on the FOMC it could get invalidated but this is what I'm seeing on the charts at the moment.
• Slow grind to 120-130k
or
• Retrace slightly to about 95K where we almost certainly will get SOME bounce, as that is where the preliminary fib line lies on the DFR as well as an anchored VWAP and it matches with the anchored Volume Profile (Im positive one of the MAs is also in this range).
If this level holds, we will most likely create a new ATH at $120,000+
Thoughts?
Note
Indicator used: 𝘋𝘺𝘯𝘢𝘮𝘪𝘤 𝘍𝘪𝘣 𝘙𝘦𝘵𝘳𝘢𝘤𝘦𝘮𝘦𝘯𝘵 (𝘎𝘰𝘭𝘥𝘦𝘯 𝘗𝘰𝘤𝘬𝘦𝘵)Note
We closed above 95K but couldnt hold it.. Check my latest idea for an update!
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