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#BTC

MS Shift in H4, could be eyeing 61.3k in the short-term. But it might dip 58.4k before the impulse to 61.3k

Invalidation Acceptance below 56.5k

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Breaking

🇺🇸 US inflation drops to 3%, lower than expected.

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BREAKING: 🇩🇪 Germany's government sells off all of its Bitcoin holdings, totaling $2.9 billion.
BTC Daily MACD turning bullish for the first time since June local top and at the same time trying to reclaim Range low as Support.

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#BTC It has swept Liquidity below May Low and closed Daily above it. well what a Manipulation as MM pushed the Market lower close to Institutional reference Point but didn't let the orders fill. its Really Funny they took the sell side liquidity but kept…
#BTC

BTC filled the wick as anticipated on Last Monday and reclaimed Range low, OCT 21 close, YTD AVWAP, SMA 200, EMA 200 as support after grabbing sell side Liquidity lying below May Low which means that Two probable Scenarios are Expected now.

1 - Grab the Buy Side Liquidity above 63860 where Bearish OB is ready to impose sell pressure if rejected then it can pullback to 60k before rebouncing.

2 -Break above the 63.8k - 64.5k OB and retest it as Support after breaking out as support to continue Rally higher

@cryptosignals
Massive Liquidity to be taken above 72k.

just saying it can go there but it need to get above 66k

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BTC cleared short term Buy side Liquidity so now there is a potential to clear the sell side Liquidity lying below 61500 but No guarantees

As path of least resistance is Higher

@cryptosignals
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#BTC

Well BTC bounced back after punishing late longs Yesterday and closed daily above OB- 64570. Yesterdays Move Tricked many even me as i was anticipating that BTC was following Scenario 2 which was not the case at daily close.

Scenario 1 is in play now and BTC might be Heading above 66.4k to grab LTF Liquidity but HTF Liquidity above 72k is still the Lucrative target for this Short covering Rally.

Most likely will dip to 64k before continuing Higher Or Less Likely is wick towards 61.4k - 60.4k.

Invalidation for this Bullish Scenario - Daily close below 60k

@cryptosignals
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#BTC Well its Holding above the OB- earlier Resistance as Support. looking at PA it seems 67k -68k isn't far away as long as it doesn't close daily below 63800. if it closes below then 61.4k -59.6k next @cryptosignals
#BTC

BTC reached 67k -68.k, But Now it needs to find acceptance above 67.5k to continue Higher Towards buy side liquidity above 72k. If it fails then i expect pullback atleast to 64k - 64.5k

@cryptosignals
Forwarded from Premium Club
2024/09/28 19:30:55
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