Unpopular opinion, but someone had to do it
Updated
Congrats all Bitcoin holders, on breeching the 45K mark.
However, take caution if you're derivatives, or keep your eyes peels if you miss the boat and are looking to get it.
Zoom out. Go to the weekly time frame of BTCUSDT.
1) BTC is approaching a weekly liquidity grab zone (46,382 - 50,268)
2) I'm looking at a liquidity grabbing event at that area, with an average of 15-20% dip on BTC price (yes. slam me, flame me, hate on me).
3) If dip happens from 47,374, it should fall till around (37,630 - 36,207)
If dip happens from 50,268, it should fall till around (40,220 - 42,591)
Of course that said, this is crypto. In this wav 2 bull market, FOMO is real. Not surprise even if BTC "Moons" till 64,000 levels. But I'm confident of a strong liquidity grabbing event before any real consistent push happens.
Analysis are purely my own thoughts. I'm not a pro. So take it with a pinch of salt
However, take caution if you're derivatives, or keep your eyes peels if you miss the boat and are looking to get it.
Zoom out. Go to the weekly time frame of BTCUSDT.
1) BTC is approaching a weekly liquidity grab zone (46,382 - 50,268)
2) I'm looking at a liquidity grabbing event at that area, with an average of 15-20% dip on BTC price (yes. slam me, flame me, hate on me).
3) If dip happens from 47,374, it should fall till around (37,630 - 36,207)
If dip happens from 50,268, it should fall till around (40,220 - 42,591)
Of course that said, this is crypto. In this wav 2 bull market, FOMO is real. Not surprise even if BTC "Moons" till 64,000 levels. But I'm confident of a strong liquidity grabbing event before any real consistent push happens.
Analysis are purely my own thoughts. I'm not a pro. So take it with a pinch of salt
Note
PLayed out :)
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.