BTC below 30K, now what?
Update to yesterdays BTC.
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Key:
Grey zone = 4hour
orange = daily
purple = weekly
Blue = monthly
Based on what merit?
Good question, based on the fact - from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Let the price fall and await in the zones - add a trade alert, patience is the key here for longs.
see the 1 hour chart..
what do we see?
off the back of the last move - we saw a great imbalance fill on a daily zone - in the bottom purple zone .
This created a first fresh touch for buyers. We have been experiencing a sell off today which is exactly what is needed in order to retrace to form a fresh touch for liquidity purpose.
BTC to keep showing its strength (positional holding)
Where next?
Imbalance Two - is still untouched at
25K, so we will still anticipate this zone valid.
Target
Upside targets 50k or more!- long term buys.
Zones to watch for long additions.
$29,000 - 30k
$24,000 - 25,550 imbalance zone major zone
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Key:
Grey zone = 4hour
orange = daily
purple = weekly
Blue = monthly
Based on what merit?
Good question, based on the fact - from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Let the price fall and await in the zones - add a trade alert, patience is the key here for longs.
see the 1 hour chart..
what do we see?
off the back of the last move - we saw a great imbalance fill on a daily zone - in the bottom purple zone .
This created a first fresh touch for buyers. We have been experiencing a sell off today which is exactly what is needed in order to retrace to form a fresh touch for liquidity purpose.
BTC to keep showing its strength (positional holding)
Where next?
Imbalance Two - is still untouched at
25K, so we will still anticipate this zone valid.Target
Upside targets 50k or more!- long term buys.
Zones to watch for long additions.
$29,000 - 30k
$24,000 - 25,550 imbalance zone major zone
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
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