Yesterday, Bitcoin broke through the local maximum of $96,000 and reached the selling zone. Currently there are no reversal formations, so we expect a deeper filling of this zone. Right now, we prioritize expecting a correction from this or the subsequent selling zones. Locally, we have made a break towards the buyer's side, so after the correction we are...
Yesterday for Bitcoin, we made a false breakout of the local minimum, tested the upper boundary of the volume zone $90,600-$86,300 and made a bounce. At the moment, we are at the upper boundary of the local sideways range. The buying wave was quite weak in terms of volume, but there was no seller throughout its duration, which is why the movement occurred. At the...
WHAT HAPPENED? Last week, as expected, we tested the volume zone of $100,000-$102,000 for bitcoin. Market sales appeared from it, which returned the quotation to the sideways range. By the middle of the week, we reached a local minimum, in the area of which there were signs of protection from the buyer. WHAT WILL HAPPEN: OR NOT? At the moment, there is a...
Yesterday, Bitcoin began forming a local reversal, with each new update of local minimums being ineffective. The $91,500 level was eventually breached. At the moment, we're seeing a weak wave of buying that's moving by inertia. Any defense from sellers could stop it, so another downward move is likely. If there's a buyer reaction in the local zone of...
Yesterday, Bitcoin continued its decline towards the lower range boundary as part of our scenario. At the moment, we can observe some buyer protection and absorption of market sales according to cumulative delta. If attempts to update the local low of $92,500 are unsuccessful, there is a high probability of an upward movement to the nearest selling zone of...
Yesterday for Bitcoin, as we predicted, we bounced off the important volume zone of $100,000-$102,000 (mirror volume zone) and returned within the sideways range. The buyer's zone of $97,200-$96,200 (local buying zone) didn't provide a significant reaction, only slightly slowing down the decline. At present, we should expect subsequent movement towards prices of...
WHAT HAPPENED? Last week, for bitcoin, as expected, we captured liquidity from the lower boundary of the sideways range of $92,300 through a false breakdown and resumed the upward movement. The growth wave didn't show a clear market dominance of buyers. We observed a manifestation of strength only once, when the buyer absorbed a strong selling bar and...
WHAT HAPPENED? At the beginning of last week, as expected, bitcoin resumed its upward movement. But already at the local maximum and round number of $100,000, before reaching the important selling zone, it rebounded and the price moved in a downward direction for the remaining days. At the moment, a local lateral line with clear boundaries has been formed. A...
Yesterday, after a decline in Bitcoin, signs of defense appeared and each new drop was absorbed by buyers. Currently, there is a high probability of a reversal and movement towards the selling zone of $100,000-$102,000. Upon renewal and consolidation above the zero point of $96,630 on the hourly timeframe, an intraday long position can be considered on a...
Yesterday, Bitcoin got squeezed into an even tighter sideways range near the upper boundary of the range. A full false breakout of the $99,600 level with liquidity capture did not follow. At the moment, we have transitioned to a decline. On the cumulative delta, we observe absorption of sells through limit orders, therefore we prioritize expecting a resumption of...
Yesterday, Bitcoin resumed its upward movement without capturing liquidity below the lower level. We have now completed the local downtrend and shifted to a sideways phase. In the near term, we should expect rotation within the $99,600-$92,300 range with potential false expansions in both directions. A consolidation above the nearest selling zone will set the...
Yesterday, Bitcoin continued its decline. We don't observe strong buying activity yet, so in the near future, a test of the local minimum of $92,300 is most likely to capture additional liquidity. According to cumulative delta, there is absorption of sales through limit orders, which increases the probability of a false breakout and the development of an upward...
WHAT HAPPENED? Over the past week, bitcoin has been correcting after another ATH update. The upward movement was expected to resume, but the reaction from the buy zone didn’t occur properly. The reaction was received only from the $97,000-$94,200 zone. WHAT WILL HAPPEN: OR NOT? At the moment, a reserve for a price reversal may be forming. Upon repeated...
Bitcoin did not follow the priority scenario and broke through the buying zone of $102,000-$100,000 (accumulated volume) without a proper secondary reaction. At the moment, the local scenario has shifted to bearish, with all major volumes located above, so we only consider going long after confirmation or consolidation above the now mirrored selling zone of...
It's been about 2 weeks since our last analysis, and now we're returning with daily posts on weekdays, except for the New Year holidays of course.) During this time, Bitcoin traded within our two marked volume zones $100,000-$103,000(cluster anomalies) and $97,000-$94,400(braking volume) and has already managed to break out of this sideways movement, setting a...
Yesterday for Bitcoin, we followed a less priority scenario and experienced a strong decline, testing 2 buyer zones at once. At the moment, a balance structure is likely to develop between the two zones, and until we overcome the new selling zone, going long is not recommended. Selling zone: $100,000-$103,000 (cluster anomalies). Buying zones: ...
Yesterday, Bitcoin captured additional liquidity from below and moved into a pump. Finally, it managed to break $100,000, and the breakout was genuine. At the moment, there are no strong fixes that could reverse the price right now. A strong pushing volume has focused at the $100,000 mark, we consider this level and the zone near it as support. In the absence of...
Yesterday, Bitcoin made a downward expansion, tested the buying zone of $94,000-$92,500, and returned to balance. At the moment, we should expect another wave of selling, as buying is quite weak, with delta rapidly falling throughout the growth period, indicating buying exhaustion. A volume anomaly has appeared at $96,000, which hasn't yet received full...