โผ๏ธ $๐๐ง๐ ๐๐ฝ๐ฑ๐ฎ๐๐ฒ: (๐๐ง๐+๐๐ง๐ ๐๐๐บ๐บ๐ฒ๐ฑ ๐๐ฝ ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐น๐น ๐ฝ๐ฟ๐ฒ๐๐ถ๐ผ๐๐ ๐ฝ๐ผ๐๐) โผ๏ธ
๐ This is my final & confirmed analysis for the coming moves.
Price has held above 51.9k nicely & the coming weekly close will be the most decisive factor.
LTF range formed here will incorporate into weekly, with a close below 51634 initiating the bearish scenario.
However a close above 52500 will not really be necessary to prove a breakout sending bullish plan into 53.7k-57.7k. Price can follow LTF movements here forming HHโs to breakout.
In either case of the plan following, the most important area to bounce is the H4-H6 OB inside the 1D OB at 49.7k-49.2k. A retest of this OB after the bullish move first, will turn into a HTF bearish retest while a retest before, would be an opportunity to front run longs waiting for 46k.
Iโve personally placed limits inside the OB hoping the bearish scenario to follow first & take profit over 53.7k. However, the way this vertical accumulation is happening, doesnโt guarantee me such & Iโd be ready to long a continuation over 52.5k.
Important things to note are HTF bearish divergences and sustained high funding rates. These things are useful to shorts in bear markets but in bull, these are just signs of continued interest in longs.
Weโre still HTF bullish for higher targets until HTF supply from 53.7k-57.7k is reached. From there, an acceptance back below the range high of 51.9k would be necessary to confirm the yearly high Iโve stated. If we donโt, then it should be obvious that a new ATH is next this year.
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