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This $BTC breakout attempt is not confirmed! Some interesting liquidity dynamics happening around $85k over the last 12 hours. Some moved, some filled, and some replenished. Now those asks are concentrated above $85,125. Notice how volatility picked up and price dumped at the TradFi open. Do you think support holds at $82.8k? #BTC Price Analysis#
Back to back 🔻signals from Trend Precognition on the Bitcoin Daily chart, and now the first meaningful support test for $BTC BTC. Do you think $82.8k continues to hold as support? #BTC Price Analysis#
After a hard rejection from the yearly open Timescape R/S Flip line at $87.5k, Trend Precognition flashed a new 🔻signal on the $BTC Daily chart. The signal opened weak with a strength score of 35. After squeezing shorts and nearly invalidating, it has now strengthened to 45. That late night short squeeze to $87,272 should serve as a reminder not to chase candles. If you are going to attempt to scalp or swing trade the volatility you mitigate a lot of risk by only doing so from near the range boundaries. A higher high invalidates the new signal. A wick below $82.8k opens the door to a deeper support test in the $75k - $79k range. #BTCCharts# #BTC Price Analysis#
$BTC has some room to decide what it wants to do here. Keep an eye on the Weekly candle to see if it can maintain strength without wicking below the breakout line at $82.8k - anything below the 50 Week SMA is a hard invalidation of the attempt and gives 4YC theorists a breath of hope. Order Book and Order Flow dynamics will continue to be an outstanding way to gauge sentiment and gain insight to what’s likely next. Watch to see where liquidity is moving and how Purple Whale CVD is trending. We’re currently seeing some profit taking in the range, which is expected after a rejection from the Y.O. Timescape Level, but so far price is holding up well. Consolidation here is healthy. #BTC Price Analysis#
We haven’t looked at this chart in a while… From here it looks like ALTS are running into some resistance - if you’re trading ALTS focus on liquidity. Thin order books can rip in either direction on low volume. What #ALT coins are you accumulating for the bull market.