#BTC #UPDATE

1M

This Monthly OB must hold!

1W

It's obviously a healthy retrace, we aren't obvious patients too.

We haven't reached 61.8% but we're very near, this is also a thick OB, thus a range > atm the range is 7287$ as support and 8563$ as tough resistance now (and been rejected), respectively 61.8% and 50% retracement fibo.

Dropping this range and being rejected on weekly from 61.8% fibo, our range will be 6335$ and 7287$, which is basically the OB where we should hold to remain bullish.

A poke at 70.6% fibo wouldn't invalidate this setup, in matter a fact, it should bounce from there, if we even go that low.

50 MA and 50% OB at 6927% as crucial level to hold!!!

3D

Look at those MA's, respectively 100 MA and 200 MA (green and purple).

1D

In here things start to be a bit shaky, but this TF (1D) hasn't been reliable for longer term. Tho, there are both good and bad signs.
Good: Bullish divergence on daily
Bad: Potential death cross (50 MA - orange, crosses down 200 MA - purple)

4H

Even long term looks gorgeous here, ofc it has to respect this 61.8% / 65.0% fibo (Golden zone) and 50% Monthly OB.

A bounce from this zone would take us to 50% fibo, but we wouldn't cross at first as it's a tough resistance that will be protected > This could print a IH&S.

> Bullish divergence

No need for more noise (1H, 15min, etc..)

Ichimoku Cloud Indicator $BLX index (history of BTC)

1W is the only TF that BTC is still inside the Cloud, all other TF's are bearish and been rejected from cloud and/or indicators.

This cloud matches with our OB, it goes a little below, but it doesn't mean price will go that low to bottom of cloud, there's a support around 6500$

This analyses will remain valid for a long time, until we cross 50% fibo up, or until we break 70.6% down, meanwhile, I'll update only the moves within this range as patterns and PA evolve.