Fvg
BTC dump is coming? Hi dear community, I hope you are fine.
I will be short. I will update my ideas about current situation on BTC chart.
I'm looking at 2W BTC log chart by Heikin Ashi candles. I'm comparing 2022 bear market with 2015 coz they are very identical by many factors which I told in my previous analyses.
So as you see after making double bottom with strong bullish div BTC pumped from 15.5K to 24.3K as I had mentioned in my previous analyses. There is huge resistance at 24.5-25K zone/200weekly EMA, range high, diagonal and horizontal resistances, monthly diagonal bearish trendline test etc. Approaching to key resistance bullish candles became smaller/check 3D or W chart/, buying volume was diminishing, the momentum was losing creating multi bear divergences on multi timeframes, as a result of the mentioned the price rejected at 24.3K & dropped to 21.6K filling created imbalance, and FVG zones bellow 22.3K. As you see after bottom, BTC created 3-4 big green Heikin Ashi candles marked in pink box and dumped to the main market structure making HL, at the moment you can notice the same green candles in a pink zone with RSI identical move as it did in 2015)). To be honest , we need this healthy correction putting HL in current structure.
There is weekly FVG zone at 17.2-20.4K zone as well. In coming days and weeks, I expect BTC to dump to the mentioned zone and fill at least 50% of FVG which is 18.7K. More likely 18.5-19K zone will hold not only as a FVG zone but also strong horizontal support and we'll see strong reaction and bounce from that region which will lead the price to new highs)).
If you like my ideas don't forget to like and follow me for further updates. I will appreciate any kind of support.
Also check my other analyses.
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Important thing I remebered:
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What I saw in the morning it was clear to me that Buyside liquidity was taken out and that created an opportunity to enter.
Price started to drop down creating FVG on a lower time frame (3min). Then the price came back to FVG and started to fall.
I went out making 10% on both orders :)
Stay focus, and DOn't Give UP.
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EURUSD Ultimate Today's Full Guide!Here is "everything" you need to know today of EURUSD pair ready for you!
We have Buyside liquidity at 1.07594 .. wait for this liquidity to be grabbed and anticipate a short move down to the previous [/day's low at 1.07178 .. Confirmation is a must.. that could be a fair value gab ..
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Best of Luck!
FVG (fair value gap) unfilled at $17,550 (BTC)First of all, please tap that like button to show your support 👍
FVG = fair value gap.
$17,550 is the area I'm looking at right now to close longs.
Nothing about this current formation at the highs here is telling me it looks toppy yet but this might change after we fill the daily FVG.
More to come soon, stay safe and have a great day tomorrow.
Cheers 👍