📉 Bitcoin Daily 📈

Bitcoin hit 60600 ✅ I am proud that my channel is one of few who didn't pump up FOMO moods giving you fake bullish hopes for engagement. I am not bear or bull in my reviews. I write what I see.

So what we have now? Fucked up chart again. Stocks grown, Dollar Index down, and crypto didn't give a fuck about it at all. I forecasted it and all the signals I gave lately counted on that retracement, but I am still unhappy to see crypto suck that hard. Turns out deep inside I am 100% bull 😅

Short term bounce to 61455-61800. Before or after that dip to hunt liquidity under 60038. If start trading there, bearish scenario with hunt for liquidity in between 50k and 53k is the next step. But I am not betting on it till we see this week close.

Nearest liquidity pools:
above - 62600 / 63335 / 64070 / 64940
below - 60330 / 59654 / 56850 / 50700

Lines on the chart:
🔸67577 - May close
🔸63195 - week open
🔸62766 - June close
🔸60651 - April close
🔸59112 - March low
🔸56537 - May low
🔸53245 - Nov'21 low

Trend: D ⬇️ W ↗️ M 🔼

😱 F&G: 50 < 51 < 53 < 47 < 30

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@WiseAnalyze #BTC #Bitcoin #important #ta

📉 Bitcoin Daily 📈

S&P500 and Nasdaq did new ATH yesterday 🚀 Dollar Index dumped. And what crypto does while global market favors bullishness? Just continues to fall lower and lower. Today Bitcoin wiped out stops under June low 💩

Its just the beginning of July, so I won't try to forecast where it will be closed, but the way it develops I see nothing unreal for price to get to November'21 low at 53245 (which is almost in the middle of Month FVG). Even if it will be a quick dip.

Shorter term PA conditions:
- Day close above 58218 can give a chance for earlier bounce (maybe just a dead cat bounce back to 60k)
- Day close as it looks now will be bearish enough to continue momentum towards 57k and May low at 56537

Until BTC forms at least one Daily green candle I won't be talking about any bullishness. Enough of low timeframe choppiness and attempts to catch that reversal.

Nearest liquidity pools:
above - 60812 / 61583 / 62245 / 64150
below - 56850 / 55620 / 52960 / 50690

Lines on the chart:
🔸62766 - June close
🔸60651 - April close
🔸59112 - March low
🔸58218 - June low
🔸56537 - May low
🔸53245 - Nov'21 low

Trend: D ⬇️ W ▶️ M 🔼

😱 F&G: 44 < 50 < 51 < 53 < 47

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📉 Bitcoin Daily 📈

BTC closed Friday above May low - that is bullish price action which gives a chance to form a failed swing pattern. Basically yesterday's low can be taken as a conditional level for stop loss and used for longs. The closer to that bottom is your entry, the bigger can be position size.

🔥 Fear&Greed index dropped to 26 - that is value similar to December'22 - January'23 when Bitcoin bottomed last time (from 16k). So in general I think current level is good for accumulating BTC on spot for mid/long term hodl.

Have a great weekend everyone!

Nearest liquidity pools:
above - 57080 / 57496 / 58810 / 59380
below - 55700 / 55150 / 54720 / 53490

Lines on the chart:
🔸58218 - June low
🔸56537 - May low
🔸53245 - Nov'21 low
🔸51760 - Feb W close
🔸50512 - Feb W swing low
🔸48200 - 2022 high

Trend: D ⬇️ W ⬇️ M ▶️

😱 F&G: 26 < 29 < 44 < 50 < 51

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📉 Bitcoin Daily 📈

Waiting BTC to close above ~58300 to call it bullish. High volume is good, German gov money is absorbed nicely at this level.

Meanwhile Dollar Index remained weak and stock indices kept on growing higher into ATH. Could be one of factors that helped BTC not to drop lower.

Short term visible target for BTC in case of bullish breakout scenario is around 59.8-60k, while for bearish more dips under 56k are possible.

P.S. I'm taking a pause from active trading and market monitoring these days. Visiting relatives and friends in different cities. Today already have plans for the whole day, but tomorrow will come back to charts.

Nearest liquidity pools:
above - 58300 / 58830 / 59380
below - 56150 / 53867 / 53000

Lines on the chart:
🔸58218 - June low
🔸56537 - May low
🔸53245 - Nov'21 low
🔸51760 - Feb W close
🔸50512 - Feb W swing low
🔸48200 - 2022 high

Trend: D ⬇️ W ⬇️ M ▶️

😱 F&G: 27 < 28 < 29 < 26 < 29

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

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@WiseAnalyze #BTC #Bitcoin #important #ta

📉 Bitcoin Daily 📈

First condition for being a little bit more bullish completed 🥳

But its a bit early to claim full scale bulls victory. At this moment BTC only does bearish re-test of breakdown level, which previously was the bottom of the range. And you can clearly see that at week timeframe.

Now BTC got to re-test 56.5-58k zone - bounce from there will make further upwards progress easier for the next week. Drop below 55k will return price to stop hunting, where nearest target will be last week low at ~53330 - how far will be the wick of that move go, hard to forecast, but I think 50.7-52.3k order block can be next.

Nearest liquidity pools:
above - 59536 / 60555 / 60960
below - 57230 / 56820 / 56145

Lines on the chart:
🔸58218 - June low
🔸56537 - May low
🔸53245 - Nov'21 low
🔸51760 - Feb W close
🔸50512 - Feb W swing low
🔸48200 - 2022 high

Trend: D ⬇️ W ⬇️ M ▶️

😱 F&G: 28 < 27 < 28 < 29 < 26

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

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@WiseAnalyze #BTC #Bitcoin #important #ta

What I mean by conditions to revert BTC from downtrend and give a reason to look for longs.

@WiseAnalyze #BTC #Bitcoin #important #ta