2024 top down analysis for bitcoin
Updated
zones above zones below.
we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation.
i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get there.
there is every chance we do not lose 30k and bounce above that first however the strongest confluence of support is lower.
the halvening is a typically bullish event in crypto so the drive (similar to the etf narrative) could hold prices higher.
if we keep above 40k then there is every chance we go for the higher box and reaction dependent maybe an ath, ie "up only, forever"
thoughts for a pullback is that there is plenty of liquidity to swipe below + a cooking market with retail hype due to news
we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation.
i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get there.
there is every chance we do not lose 30k and bounce above that first however the strongest confluence of support is lower.
the halvening is a typically bullish event in crypto so the drive (similar to the etf narrative) could hold prices higher.
if we keep above 40k then there is every chance we go for the higher box and reaction dependent maybe an ath, ie "up only, forever"
thoughts for a pullback is that there is plenty of liquidity to swipe below + a cooking market with retail hype due to news
Note
idea carried on from last years plan
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