BTC short term outlook

25 jun 2023

BTC cleared April high, closed latest FV gap created on the way to YTD high and bounced off exactly to 0.618 fib. Obvious imaginary support line is currently testing it's third touch and there is a possibility of it's break down to 29500 to eliminate late longs and accelerate descend to fill lower fair value gap(s) and complete much needed retracement. Next possible move would be burst to 32500+ with possible CME gap closure above current levels.

27 jun 2023

Nota

Recent wick to 31k completed bearish shark harmonic on hourly and probably will send BTC to resistance at 30k. Interestingly enough that at 30k H&S will complete it's formation. H&S is such an obvious classic textbook pattern that almost never plays out but this time it might to surprise of everyone. Besides, targets of H&S overlaps with FV gap at 28600.

28 jun 2023

Nota

latest 4h candle closed outside of the 4 day range (wicks ignored) which probably starts expansion to the downside. next 4 hour candle should confirm / reject this idea

29 jun 2023

Nota

a little bounce from 30k. looks like a bearish rejection block on a daily. If this is validated and we will see a bearish breaker than 30k would be ideal short entry.

29 jun 2023

Nota

Yesterday’s buyside liquidity swept forming another bearish shark which probably will send BTC to LL around 29800. Daily pattern pretty close resembles daily pattern of April 2023 top. I’m expecting flush out tomorrow. Weekend dump also might be an option.

There was a good opportunity to long BTC today at BOS pullback around 30245 which I missed ☹

30 jun 2023

Nota

Flushed out as expected. Now a bullish shark is formed that might send BTC to 31.3+ to clear daily high and return BTC to 28k (short term goal). This would be maxpain scenario

3 jul 2023

Nota

Bullish shark was a success and we hit 31.3k. Now time to print some LLs.