FULL AND FINAL ANALSYS ON BITCOIN ALL YOU HAVE TO KNOW ABOUT BITCOIN
The post (FULL AND FINAL ANALSYS ON BITCOIN ALL YOU HAVE TO KNOW ABOUT BITCOIN) Appeared first on CRYPTO-DOCTORS.
DISCLAIMER=The current analsys are based on current market trends and situations as all of you know about the volatile nature of crypto so think twice before investing in any asset.
BITCOIN WEEKLY OVER VIEW
Bitcoin weekly charts looks fine. The bullish rally that took place after breaking out from a classic cup and handle at (72,478) looks like its not over yet aftet making another (ATH) at (126,490)Bitcoin is still sandwitched into a range bounded market between (108,098 - 126,490). But as long as we are above (108,204) strong support plus previous (HH) we can expect more bullish impulse into bitcoin. Breaking down this support will confirm (CHOCH) and then we can expect some bearish move till (104,102,98,500,92,200,87,600). However breaking above (126k) previous (ATH) will trigger a price discovery then the (ILLIOT WAVES THEORY) should be axamined for next (ATH). If we break bove the (ATH) then i will publish another indepth article on. (BITCOIN ILLIOT WAVES THEORY).
Supports tobe axamined =
(108,564)-(102,045)-(93,644)
Resistances tobe examined =
(119,971)-(125,326)
BITCOIN DAILY OVERVIEW
Bitcoin is showing weakness arround the magnet (FVG) at (111,957-114,174) zone. This (FVG) is likely tobe filled. However thier is another (FVG) at (116,088-119,413) zone. But, the daily view of bitcoin is showing another strong resistance test at (116,592)prices are already showing weakness arround this resistance plus a (DAILY FVG) at lower price. This looks like a perfect combo for a short trade.
FVG TOBE NOTED=
Upper big FVG at =(116, 088-119,413)
Lower big FVG at = (91,206,85,766)
Closest magnet FVG at =(111, 957-114,174)
SUPPORTS RESISTANCES TOBE NOTED=
Support at = (112,300)-(108-204)-(101,179)
Resistance at =
(117,196)-(123,240)-(125,960).
BITCOIN 4HOURS OVER VIEW
The 4hour chart of bitcoin is showing a clean range bounded market between (107,194) strong reactive bullish OB (123,039) Strong reactive bearish OB. However the price are showing a classic ICT concept aftet the (turtle soop) at (102,676) price pumped and grabbed the upper sell side liquidity at (EQ HIGH) at (115,859).A (BOS) at (112k) signals bulls strenght but because of the magnet (FVG) and lack of volume i expect another dump till 112k and more.
BITCOIN HOURLY VIEW
The hourly chart shows a clear breakout of downtrend at (112,414) the price is showing a classic market structure printing (HH) (Higher highs) (HL) (HIGHER LOWS). After a brief breakout from the downtrend at (112,414) the market now lacks volume at (116, 183) resistance a (BEARISH INGULFING PATTERN) have been formed at this resistance suggesting that the trend may end over here and a correction is likly tobe seen soon.
Breakout level to watch on the chart =
(116,389) previous sell side liquidity must be grabed for a bullish umplulse.
A breakdown of(114,338) previous order flow will trigger a bearish impulse.
BTC. DOM ANALSYS
A quick review on btc.dom chart. Btc.dom broke out of the downtrend at 59.82% now is likely to pump and test the previos FVG close at 60.06%. This pump may trigger short term bearish trend in ALTCOINS.
TOTAL3 ANALSYS
A quick review on total3 chart. The total 3 chart shows a clean test and bearish reaction at (3.87T) now dumping to fill the FVG gap at (3.80T) this move can trigger bearish trend in ALTCOIN market.
LIQUIDATION HEATMAP ANALSYS
A quick review on liquidation heatmap. I see a huge buyside liquidity cluster at (112,461) almost (63.61M) worth of LONGS willbe liquidated if the prices reached this zone. Usually liquidity clusters work as a magnet and prices react 80% to them.
LIQUIDATION MAP API LONG/SHORT RATIO ANALSYS
A quick review on long short ratio. I see alot of futures position on 113, 500 with 100x liverage and thier liquidation price is at 112,373. You all know what it means. I expect long squeeze.
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