$BTC
From a liquidity standpoint, we currently have three areas of interest where price is likely to move.
First, we still have a few unswept shorts around 68K.
Then, we have a cluster of long liquidations around 61K and another around 57K.
If we, however, confirm a trend shift by finding acceptance below the 63.6K low, we will likely revisit 61K to take out those longs.
As long as we haven’t printed a lower low, a sweep of the 68K liquidity is still the most likely scenario.
From a liquidity standpoint, we currently have three areas of interest where price is likely to move.
First, we still have a few unswept shorts around 68K.
Then, we have a cluster of long liquidations around 61K and another around 57K.
If we, however, confirm a trend shift by finding acceptance below the 63.6K low, we will likely revisit 61K to take out those longs.
As long as we haven’t printed a lower low, a sweep of the 68K liquidity is still the most likely scenario.
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$USDT.D
A very interesting chart to monitor as price is approaching a key decision point.
Two main scenarios from here:
• Price forms another lower high and continues the broader downtrend towards the range lows.
• Price respects the local uptrend, forms a higher low and breaks the internal downtrend by taking out the lower-high sequence.
The fresh demand below and local supply above are the key pivotal areas. Whichever side fails to hold should provide the confirmation for the next directional move.
Until then, I’m staying patient and letting price reveal which structure it wants to respect.
A very interesting chart to monitor as price is approaching a key decision point.
Two main scenarios from here:
• Price forms another lower high and continues the broader downtrend towards the range lows.
• Price respects the local uptrend, forms a higher low and breaks the internal downtrend by taking out the lower-high sequence.
The fresh demand below and local supply above are the key pivotal areas. Whichever side fails to hold should provide the confirmation for the next directional move.
Until then, I’m staying patient and letting price reveal which structure it wants to respect.
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Forwarded from Crypto Tech Premium
🟢 #KAITO/USDT
Exchange: Binance
Entry Targets:
BUY NOW
1.02
TP1: 1.08
TP2: 1.13
TP3: 1.18
TP4: 1.37
▫️Stoploss:
0.85
Posted By: Crypto Tech & Signals
Exchange: Binance
Entry Targets:
BUY NOW
1.02
TP1: 1.08
TP2: 1.13
TP3: 1.18
TP4: 1.37
▫️Stoploss:
0.85
Posted By: Crypto Tech & Signals
❤3
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$BTC
We are rejecting from the Mid-Range S/R on the LTF. If we continue rejecting here, I expect a pullback back into the 64.2k-63.2k region where we built a significant amount of liquidity over the weekend.
That zone is going to be the key support for continuation towards the upside. My primary target for now is 67.4k. We'll either sweep the liquidity below first and then push into that target, or we'll push to 67.4k first before coming back down to clear the liquidity below.
We are rejecting from the Mid-Range S/R on the LTF. If we continue rejecting here, I expect a pullback back into the 64.2k-63.2k region where we built a significant amount of liquidity over the weekend.
That zone is going to be the key support for continuation towards the upside. My primary target for now is 67.4k. We'll either sweep the liquidity below first and then push into that target, or we'll push to 67.4k first before coming back down to clear the liquidity below.
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Crypto Tech & Signals
$BTC We are rejecting from the Mid-Range S/R on the LTF. If we continue rejecting here, I expect a pullback back into the 64.2k-63.2k region where we built a significant amount of liquidity over the weekend. That zone is going to be the key support for continuation…
#BTC
We've now cleared the liquidity that was built over the weekend and are tapping into the Key Support zone.
If we manage to bounce from here and reclaim 63.6k, I'd expect that to open the door for a move back towards the current highs at 67.4k.
However, If we lose the 63.3k level, then 62.2k-61.2k will be the next region I'll be watching for a reaction.
We've now cleared the liquidity that was built over the weekend and are tapping into the Key Support zone.
If we manage to bounce from here and reclaim 63.6k, I'd expect that to open the door for a move back towards the current highs at 67.4k.
However, If we lose the 63.3k level, then 62.2k-61.2k will be the next region I'll be watching for a reaction.
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BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 3.50% - 3.75%.
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$BTC
Bottom in August.
Looking back at the last three bear markets, August has closed red every single time, with an average drawdown of 14.8%.
Based on these statistics alone, the odds favor another bearish August.
A while ago, I explained that I expect the bottom to form in August and September, and I still stand by this thesis, especially considering how bearish the charts look at the moment.
Bottom in August.
Looking back at the last three bear markets, August has closed red every single time, with an average drawdown of 14.8%.
Based on these statistics alone, the odds favor another bearish August.
A while ago, I explained that I expect the bottom to form in August and September, and I still stand by this thesis, especially considering how bearish the charts look at the moment.
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$BTC
If price doesn't rejects from 63.8k,
Then the next zone to look for rejection is from 64.5k,
+ Previously all the Lower Highs, were created on the rejection of the aVWAP.
So it's very likely we get a rejection from there again, I will be looking for shorts from that zone to 61.3k.
To clear downside liquidity.
If price doesn't rejects from 63.8k,
Then the next zone to look for rejection is from 64.5k,
+ Previously all the Lower Highs, were created on the rejection of the aVWAP.
So it's very likely we get a rejection from there again, I will be looking for shorts from that zone to 61.3k.
To clear downside liquidity.
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