High Time Frame 3 Drives Pattern down to October
NOPIUM
I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea.
I'm hoping the rest is clear enough.
FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed.
This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October.
Price Levels
Untested resistance around $48,000 - $49,000
Above us right now, we have a weekly Order Block, the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise.
Price levels:
Somewhere between $67700 and $69000
If anybody has any thoughts, I'd love to hear them.
Charted for
BTCUSDT.P
I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea.
- The Blue lines - FIB TIME
- Purple lines - 3 Drives Pattern
I'm hoping the rest is clear enough.
FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed.
This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October.
Price Levels
Untested resistance around $48,000 - $49,000
Above us right now, we have a weekly Order Block, the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise.
Price levels:
Somewhere between $67700 and $69000
If anybody has any thoughts, I'd love to hear them.
Charted for
BTCUSDT.P
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