BTC - NOT THE HISTORICAL MOMENT YOU ARE THINKING OF
Updated
Funding reached the historical mark as it was at the end of 2021 after which there was a strong downward price movement. Considering my analysis described in previous posts I would also like to note the huge liquidity clusters at 20k and 30k levels which were not touched at all although there was every opportunity to do so.
Based on this we can conclude that these levels could be confidently left as fuel for a downward hike. Do not overlook the levels below 15k where there is also a lot of liquidity.
Wait for the asset to reverse and look for an entry point. It's going to be an interesting downward slide
Based on this we can conclude that these levels could be confidently left as fuel for a downward hike. Do not overlook the levels below 15k where there is also a lot of liquidity.
Wait for the asset to reverse and look for an entry point. It's going to be an interesting downward slide
Note
The accumulation of long positions continues. Huge liquidity clusters appear at the bottom. I am afraid to imagine the price spillage that will occur at the downward reversal, probably it is already more than 30 percent, we'll see.Note
The first level that will most likely be reached is 62500 after which we will move to the zone where a huge number of long positions were accumulated. Liquidation of bullish positions will take place very quickly in this zone and the nearest level for stopping is around 53000. The final target of the first wave of the big correction is the level of 44000 at which there was a very good trade and a rebound upwards is quite likely. Note
As we predicted the price moved down on correction and shows a good reaction from OBs. Probably now it is approaching a significant pool of liquidity for further sharp downward decline.Trade active
The price has fallen below 65000. Probably liquidity withdrawal will take place up to the level of 61000 without significant corrections (67000).Note
Funding is decreasing a bit but values are still incredibly high for us to think about growthTrade active
The price according to our forecast has reached the first target of 61000. For further downside we will wait for the corresponding liquidity formation at the bottom. I also expect a small correction probably to 67000.Trade active
the FVG left on top might bother someone. As a rule, if the price does not fill it in the near future and goes down, it means only that big players left this area as a foundation for the subsequent growth of bitcoin and updating of its ATH, which will obviously happen if not in the near future, then in the coming years for sure. as for the local situation, we have a huge gap at 4 hours, which will be filled. since every trader sees this gap and opens short positions in favor of filling it, it is understandable that big players will knock out these traders and open their own short positions. This set-up remains relevant.Trade active
At the moment, liquidity formation from below is very noticeable and the unfilled FVG is also noteworthy. I expect the final liquidity collection just above the local high and further downward slideTrade active
The prediction is still valid. We expect a move back to 61000
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