TA NOMAD

#BTCUSD #BTCUSDTAnalysis
Analysis is on the weekly chart so take into consideration this analysis is not valid for intra day . more of a long term picture based on historical technical data .
ANALYSIS :
#BEARISH📉 on BTC
#REASONS : well defined breakout from the weekly top range narrative to down side and market entered low volatility vortex . tested consequent encroachment of weekly FVG at 76910 But unable to cross 50% level of down close dominant sell orders . according to my analysis market tested last pivot support at 74551 again unable to give a promising dominant buy orders . on fixed range volume profile market isn't showing any historical volume influx at these level .
#conclusion
if marke breaks the POI at 74551 which it tested today and gives a valid breakout to the down side a short can be opened with minimal stoploss last 24 hours were seek and destroy day in my opinion . if support at 74551 didn't hold market target 🎯 will be 69833 . if that Support didn't hold 2nd target will be around 62575 and after that market can free fall to 47333 . in February I've shared an analysis depicting downward advance of market till 7450. and it has finally reached there . crypto markets follow fundamentals more than technicals . right now not expecting a pull back all the way up to the last lower high but if market didn't had enough orders to pull it down it might make a pull back for liquidity hunt above the high at 89249 . measured supply target is 62756 . over the spam of 6 to 8 weeks . cycle reading is negative/bearish but then again BTC Didn't really follow historical data ideally . suitable for spot shelf- buying in small quantities
ps : not a trade Signal .

#BTCUSDTAnalysis #BTCUSDT
bearish on positional trades and intraday . for safe side only going short after the violation of support at 82091 , not seeing any volume that can drag bulltrend for now . if any fundamental/high impact new/event etc came into play maybe then market will go bullish. not seeing any indications of bullishness as far as My technical analysis . after violation of 82091 short position can be taken with managed risk . here valid violation will be 2 healthy bear candles blow 82091. or 3% price decrease from past 24 hours .
Until the break of that level happens avoid getting into positions with one or two confluences market is making an ellipse . ellipses have tendency to convert supply into same length of demand . because it usually contract and expanded volume within itself and often appears at time of some news or any fundamental event of anticipation .
in case of valid breakdown of support supply tendency/target-1 can be around 79950 .
analysis is valid for intraday positions and scalp only.

Note : not a trading signal or financial advice .

My technicals are still not bullish on #BTCUSDT. #BTCUSD . BTC dominance is still there , average directional momentum RSI Still below 50 , open interest is not very promising , days range/consolidation can be expected . not anticipating any big move to the upside . again its a game of possibilities . my narrative is still bearish .My reason is huge amount of liquidation around the POI in my last analysis below 72 and above 68 levels .

NOTE : not a trade signal or financial advice .

#BTCUSD #bearishmomentum

#analysis
change of character on daily chart intermediate to probable long term lower high on last pullback
BISE - bearish, high volume demand zone below in discount zone overlapping daily FVG steep resistance no divergence if resistance at 83951 got traded through with a valid breakout of two consecutive days price will likely fall to 72531 . if demand didn't kick in chance of price dropping below the conseqnant price zone of daily FVG . can reach 67598 . over all pretty breaish avoid in direction selling is recommended .

note : not a signal to trade or any financial advice

#bitcoin #usd
Bearish on intraday , and scalp . at the end of day it's a game of probabilities for retailers .
#analysis
if consequent encroachment of FVG on STF short time frame gets violated demand will kick in . manage stoploss 🛑 manage position .