Mutaasa omega
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#BTC
š$BTC ANALYSIS - NEW ALL TIME HIGHS
4H Timeframe
Long term, Iāve always been bullish on BTC, but I expected a pullback first. Instead, price pumped unexpectedly and invalidated yesterdayās short term setup.
That pump reshaped the price structure, what was previously key resistance zone has now flipped into a support zone.
In my opinion, the best entry area is around $110K. Price could always keep moving higher, but if youāre aiming for a cleaner setup, the gray box I marked is a solid entry zone.
š$BTC ANALYSIS - NEW ALL TIME HIGHS
4H Timeframe
Long term, Iāve always been bullish on BTC, but I expected a pullback first. Instead, price pumped unexpectedly and invalidated yesterdayās short term setup.
That pump reshaped the price structure, what was previously key resistance zone has now flipped into a support zone.
In my opinion, the best entry area is around $110K. Price could always keep moving higher, but if youāre aiming for a cleaner setup, the gray box I marked is a solid entry zone.
#btc
š $BTC DAILY UPDATE
1H Timeframe
Price is still following the plan I mentioned in the previous update.
We saw a rejection at the Bearish FVG and price formed a clean Liquidity Sweep as well.
As long as that Bearish FVG holds, my previous analysis remains unchanged, price may go lower to the 106k-107k zone
š $BTC DAILY UPDATE
1H Timeframe
Price is still following the plan I mentioned in the previous update.
We saw a rejection at the Bearish FVG and price formed a clean Liquidity Sweep as well.
As long as that Bearish FVG holds, my previous analysis remains unchanged, price may go lower to the 106k-107k zone
#BTC
āļø$BTC DAILY UPDATE
1H Timeframe
$BTC still fails to break higher and has now officially deviated from the trendline I drew yesterday.
It respected the bearish FVG and is forming a bearish chart pattern, the descending triangle.
š¬All of this points to $BTC heading lower towards my conservative setup area around $106Kā$107K
āļø$BTC DAILY UPDATE
1H Timeframe
$BTC still fails to break higher and has now officially deviated from the trendline I drew yesterday.
It respected the bearish FVG and is forming a bearish chart pattern, the descending triangle.
š¬All of this points to $BTC heading lower towards my conservative setup area around $106Kā$107K
#BTC
āļø $BTC DAILY UPDATE
4H timeframe
Bitcoin has been moving a bit slow, so not much has changed from the analysis I shared a few days back.
It reacted well from the aggressive entry area but failed to make a higher high, which shows it is not strong enough. Although there is still a chance to go higher from here, I have a feeling we will see the purple FVG get filled.
āļøSo, if you have an open position based on my aggressive setup, it is safer to close it now at breakeven. Better to wait for price to move below the trendline and reopen the position around the gray box I marked.
āļø $BTC DAILY UPDATE
4H timeframe
Bitcoin has been moving a bit slow, so not much has changed from the analysis I shared a few days back.
It reacted well from the aggressive entry area but failed to make a higher high, which shows it is not strong enough. Although there is still a chance to go higher from here, I have a feeling we will see the purple FVG get filled.
āļøSo, if you have an open position based on my aggressive setup, it is safer to close it now at breakeven. Better to wait for price to move below the trendline and reopen the position around the gray box I marked.
$BTC
š$BTC DAILY UPDATE
12H Timeframe
Not much has changed from yesterdayās analysis, but hereās a slightly broader look to reinforce it.
Price is nearing the bullish trendline that supported past rallies. Like I said, if youāre aggressive, nowās a good time to enter. If youāre conservative, wait for price to reach the lower FVG (purple box).
One new thing from this 12H view is that price often wicks below the trendline but closes back inside, lining up well with the conservative setup at the FVG.#
š$BTC DAILY UPDATE
12H Timeframe
Not much has changed from yesterdayās analysis, but hereās a slightly broader look to reinforce it.
Price is nearing the bullish trendline that supported past rallies. Like I said, if youāre aggressive, nowās a good time to enter. If youāre conservative, wait for price to reach the lower FVG (purple box).
One new thing from this 12H view is that price often wicks below the trendline but closes back inside, lining up well with the conservative setup at the FVG.#
#BTC
š $BTC ā HIGH TIMEFRAME ANALYSIS
Another big picture view on Bitcoin
Bitcoin is trading near its all-time highs. But I do not believe the next local top or the cycle top is in yet. The RSI has been a solid signal for calling major local tops in the past.
Right now, itās elevated (see the orange box) but still has not hit the bearish trendline that marked previous tops (red box).
To me, this says the top is approaching, but we are not there yet. Im confident Bitcoin still has slight room to push higher.
Keep in mind, this is a high timeframe analysis. It will take weeks to confirm or break, so short-term volatility will not significantly affect this setup.
š $BTC ā HIGH TIMEFRAME ANALYSIS
Another big picture view on Bitcoin
Bitcoin is trading near its all-time highs. But I do not believe the next local top or the cycle top is in yet. The RSI has been a solid signal for calling major local tops in the past.
Right now, itās elevated (see the orange box) but still has not hit the bearish trendline that marked previous tops (red box).
To me, this says the top is approaching, but we are not there yet. Im confident Bitcoin still has slight room to push higher.
Keep in mind, this is a high timeframe analysis. It will take weeks to confirm or break, so short-term volatility will not significantly affect this setup.
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