This is a Chart of BTC at 30.5k.
I think BTC goes up for the next 2-3 weeks.
then Melt up to 38k or bleed down to a HL (28k Closing)
Based on a weekly chart with a single monthly candle range.
That BTC bounced from this week. (25.7k-31.4k White lines)
The bigger orange zone should be support.
Red and Green is RES and SUP.
This can get very bad in NOV 23, DEC 23 or JAN 24
I think BTC goes up for the next 2-3 weeks.
then Melt up to 38k or bleed down to a HL (28k Closing)
Based on a weekly chart with a single monthly candle range.
That BTC bounced from this week. (25.7k-31.4k White lines)
The bigger orange zone should be support.
Red and Green is RES and SUP.
This can get very bad in NOV 23, DEC 23 or JAN 24
Note
Bounce and goNote
Big wick of top side Supportmove above 30.6k = Long
Note
Double top bounce support of 29.35kNote
close below 29.1k = short ---> 28kNote
Wick???? Still LongNote
Retest???Note
Orange Box Bounce???Note
The current ranges of BTC is good for volume zones.But very bad for structure. I wait to see a lower ranges max 23.6k
and then rebound to lower high 24.4k
Note
Low HIgh, high 25.4Note
is 25.8k a buy floor???Note
time decay can get BTC to 22.5$ by end 01/24Note
Want to see a High time frame double bottom to setup next year cycle20050k$
Note
Finally the melt up I wantedNote
Now to hit 38.5k PLSDisclaimer
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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.