Was cautious with description, but caught the bottom in any case 🎯

The way BTC chart evolves gives high chances for liquidity above September 27th high to be wiped out soon. I can see that market have started accumulating shorts, and they got to be punished. So be careful with those early shorts. No sense in fighting the trend, better wait for the next opportunity to join it.

If Day close far above 66450, most probably we won't see 60k this year. If below, chances for 60k stay valid as it will remain bottom of the range formed in September. And October open at 63309 is almost in the middle, which makes it another strong level to keep an eye on.

@WiseAnalyze #BTC #update

📉 Bitcoin Daily 📈

BTC grown above September 27th high which was last swing high (and higher high on daily) and even closed Day above last week close, so bullish structure is once again confirmed and stays valid 👍

Chances to see BTC at 70k now are much higher, than to see it come back to September buy tail EQ around 56k, although I wouldn't rule out the possibility of ~61-61.7k just yet, as it won't break market structure, while provide huge liquidity, similar to size that BTC will gain from growing above 66.8k (which imho will happen first).

Developing Year VWAP VAH is around 68120 and on the move to touch it price can grow up to 69150 easily. The rest is yet unclear.

Nearest liquidity pools:
above - 66635 / 67290 / 68600 / 67126
below - 64310 / 63655 / 61695 / 61040

Lines on the chart:
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close
🔸57446 - day swing fractal
🔸56000 - September buy tail EQ

Trend: D 🔼 W ▶️ M ▶️

🤑 F&G: 65 < 48 < 50 < 49 < 32

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto, Forex and Commodities all in one place 🔥

@WiseAnalyze #BTC #Bitcoin #important #ta

📉 Bitcoin Daily 📈

BTC closed above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying.

Would be nice if Bitcoin dips to 65500-66500 and bounce back fast. That would allow to ad more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.

Interesting week ahead. And very profitable months waiting for us 🤑 Just HODL! ✊🏼

Nearest liquidity pools:
above - 69405 / 70126 / 70795 / 71202
below - 68015 / 67760 / 67430 / 66718

Lines on the chart:
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close
🔸57446 - day swing fractal
🔸56000 - September buy tail EQ

Trend: D 🔼 W ▶️ M ▶️

🤑 F&G: 72 < 73 < 72 < 73 < 71

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto, Forex and Commodities all in one place 🔥

@WiseAnalyze #BTC #Bitcoin #important #ta

📉 Bitcoin Daily 📈

NO RAID - NO TRADE. Easy to remember. Since no changes on the chart, today's BTC review will be educational.

What does this phrase actually mean? It means that without hunting for liquidity, price has no reasons to reverse from current trend/choppy stage. Where is liquidity? It can be found where most stops are, plus add to this liquidations for leveraged positions that don't place stops. All those people flexing with 50-200x leverage - they are the first in the line.

🚷20x leverage: You use 5% margin. To liquidate, the price needs to drop ~4.5% from the entry.
🚯50x leverage: You use 2% margin. Liquidation happens at ~1.8% drop from entry.
🚭100x leverage: You use 1% margin. Liquidation occurs at ~0.9% price drop.
🚱200x leverage: You use 0.5% margin. Price needs to drop ~0.45% to liquidate.

So lets assume these guys took very very good entries on the last dip to ~66536. Those with 200x will be liquidated at ~66245, with 100x at 65950, with 50x at 65350 and 20x at 63600. Obviously those 100-200x with worse entries, who jumped in FOMO way higher, were already wiped out.

So nothing to add to my weekend's forecast - 65500-66500 zone is the least we may expect. High chances for Day gap equilibrium at 64k.


Nearest liquidity pools:
above - 67580 / 67976 / 68175 / 68671
below - 66635 / 66287 / 65592 / 64600

Lines on the chart:
🔸66450 - September high
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close

Trend: D 🔼 W ▶️ M ▶️

🤑 F&G: 70 < 72 < 73 < 72 < 73

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto, Forex and Commodities all in one place 🔥

@WiseAnalyze #BTC #Bitcoin #important #ta

📉 Bitcoin Daily 📈

Last Saturday I warned you that next week BTC will dip to that zone. And I kept reminding about it every day. It happened ✅ If I saved your pants or helped you make some money on shorts - you are welcome 🤝 Simple "like" will be enough.

From what I see now most probably there will be re-test of 66k. Even in a very bullish scenario most probably BTC won't pump straight away. It will consolidate here till November and only then start to expend.

And so even bullish scenario leaves high chances for Day gap equilibrium at 64k to get filled. But I am still very bullish on higher timefames ✊🏼

Nearest liquidity pools:
above - 68062 / 68561 / 69809 / 70121
below - 65788 / 65088 / 64444 / 63960

Lines on the chart:
🔸70081 - July high
🔸68300 - dev Year VWAP VAH
🔸66450 - September high
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close

Trend: D 🔼 W ▶️ M ▶️

🤑 F&G: 69 < 70 < 72 < 73 < 72

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto, Forex and Commodities all in one place 🔥

@WiseAnalyze #BTC #Bitcoin #important #ta