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Scoop : }

faken Updated 

There has been some incredible volumes for the upside of btc recently. An underlying squeeze is coming in and the bottom uptrend support (and 15min 200ema) is an area of interest for us. If the topside orderblock is not taken out again, I expect the bottomside to be broken. 22.4k is the nearist resting point if the bears prove strong. Do not have a bias for...

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As part of the wyckoff higher highs, we have seen a sustained playout at this level, with it reaching up to around 24k. There has been a huge amount of liquidity coming into the market and in doing so, it has made the past week have an increase of 25%. There is an interesting divergence at the top of this higher high in the wyckoff pattern, and volume has also...

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Bitcoin has reached a new all time high and has gone past it by 3800$. The huge buy orders by institutions and the new price discovery zone pushed the price far past 21k of my previous analysis. This created an msb in the wyckoff pattern as normally it is meant to stop off at the top bearish, however, I was blindsighting that it is an ath zone. I am still...

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As a continuation of my last analysis, we are in the higher high zone of a wyckoff. The price is incredibly likely to fall back below 20k and most likely to the underlying trend. If there is an initial bearish markdown, it will not be the end of the wyckoff, as there needs to be one last retracement, then it will drop by ALOT. Funding is positive now and it has...

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In this chart, we can see a sideways action occuring after the end of a markup bull run. The funding is high, and because there is side action, it is very likely that there will be a big dump after the higher highs are created. The higher highs are just part of the wyckoff price action period. They tend to drop back down shortly. IMO Then there will be a bear...

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As we can see in the illustration, there are some well defined levels in this range. This new range has been defined after a bearish trend, so longing this is a harder play (I'm not bullish currently), so bearish trades will prove more profitable. Previously, BTC fell past the underlying support but did not make it to the 17400 OB but instead bounced off of 17570...

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17400 is the next support for btc and seeing how harsh the daily close was, I expect for bitcoin to be bearish. IMO it will be bearish for a few weeks/months as we are at the top of a distro phase. If btc breaks through topside green box trade is closed.

faken Updated 

In this analysis I have plotted the different areas of interest for BTC. It recently tapped the bottom and immediately validated the bottom-side trend with a bullish pushback with associated volume to validate. BTC is looking to retake the breaker point above and nearly almost always does. previously it missed the breaker level and retraced from the minor support...

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AS we can see here, BTC has retraced back from around 18k and is coming close to the recent breaker point. There is a high chance of rejection from this breaker point and imo it is a very likely trade. SL can be above the breaker zone as commonly the first rejection is the harshest. 200ema 1h is also combining on this breaker point. Very Strong trade (Hopefully i...

faken Updated 

On this chart there are many factors determining how btc will react. The immediate bullish return from the demand was met wish a push-back to the top of the demand. This shows weakness for the bulls and the volumes are in favor of the bears also. I am definitely more bearish, as it is clear how btc is struggling to keep the price this high. Watch for any retest,...

faken Updated 

Simple analysis here- Small uptrend invalidated by lowering volumes; Weekly entrance phase looking for retouch; Squeeze of top and bottom-side trends Low volume. Big move upcoming today or tomorrow. Most likely downside (through obv weekly). Wait for squeeze reaction and retest.

faken Updated 

The invalidated volume in the small uptrend gives strength to the bears to combat the bottom-side uptrend. it will most likely attempt a break so watch the reaction. May not test immediatly.

faken Updated 

On the chart you can see the weekly breaker and the demand zones that contain the price. It is in the middle of the two zones so there is not really a trading opportunity right now. What we can look at is when it moves to either side to watch its reaction. Wait for the retest and how volume is treated. I think downside is more likely, but that doesnt matter...

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If it breaks there may be an op. I see a double bottom.

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Wickoff playout.

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Here.

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These are the most likely price movements.