Observing bullish div. (Double divergence)
Huge liquidity Zone 106,400 - 107,100 sat below.
Appears that BTC is reacting to the fibs. Currently bouncing off 618
Prediction: I think that BTC is leaving the lower liq zone as a snack for later. Rally into the week +3%. However think we will run into resistance @ 110K which is the weekly high x 3 / low x 1, the 0.5 fib, a liquidity zone and would touch a macro uptrend.
Then start to move down to grab said liquidity but ultimately moving down to 786 @ 103K mid-september. Think this will act as a long squeeze for traders expecting new ATHs.
Then parabolic rally into late Q4.
Huge liquidity Zone 106,400 - 107,100 sat below.
Appears that BTC is reacting to the fibs. Currently bouncing off 618
Prediction: I think that BTC is leaving the lower liq zone as a snack for later. Rally into the week +3%. However think we will run into resistance @ 110K which is the weekly high x 3 / low x 1, the 0.5 fib, a liquidity zone and would touch a macro uptrend.
Then start to move down to grab said liquidity but ultimately moving down to 786 @ 103K mid-september. Think this will act as a long squeeze for traders expecting new ATHs.
Then parabolic rally into late Q4.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.