BTC MTF PA and key supports
as we can see in the MTF, there was a change of character indicating a MTF reversal into key levels indicated. these levels were found using the weekly FVG. upon retest, i believe we can see a rally into new ATHs. this dip also did a good job at "Flushing" all the paper hands and completely obliterated open interest (OI). it is also important to mention that BTC is now trading at a spot premium, which is a very good indicator to monitor local bottoms. therefore, i believe we have or very close to bottoming.
Credits to @MoneyTaur_ on X
Credits to @MoneyTaur_ on X
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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.