#bitcoinâŻâŻâŻ #btcusd broke the trend line resistance and retested. Now the price may aim to 72K region where there' re notable #btcâŻâŻâŻ liquidations. Not financial advice.
I respect everyone who thinks we won't be going down to 50ks again. Everyone has different way of looking at the charts.
I have been scalping both ways. This market isnt for swing trades. I will keep my bearish stance until we didn't close above 67k. And for now I don't think we will have new ATH or even any alt season. Lets see how things go.
#BitcoinâŻâŻâŻ These are the two red boxes which is my PoV right now. Price of #BTCâŻâŻâŻ is in between so I won't recommend any taking any position right now. PoI as per the chart is 57.5k to 58.2k is the area if holds is a good position to long. At the same time 64.3k to 64.8k is the good area to short. Meanwhile Bitcoin haven't claimed Monday lows once it brokedown. So i guess it will take a lot of strength for bulls to claim that area and then sweep billions of liquidity around 65k level. We have seen sunday scam pumps so I won't be surprised to see it happening.
Regardless of liquidity, too many shorts have pilled up rn now and I personally think msrket will soon liquidate them with a short squeeze.
I anticipate to accumulate more shirt by tapping the lower zone of 57k to 58k and then sweeping 64-65k level.. Once done, 52k is on the table. This eventually justifies the path I have shared and have been following since April beginning .
Monday: "Bulls in charge, but Cryptos lagging again. Nearly everything I want to see for the preferred bullish scenario is happening - except with Cryptos." â â â
Tuesday: "Quiet range day likely." â â
Wednesday: "Up with stutter steps." This was my synopsis of the week per the Sunday video. Indexes rallied, Cryptos not so much - now we are getting the stutter step. I don't think this impacts the underlying trend [for Indexes]..." â â
Thursday: "Indexes maintaining gains, Cryptos weaker [but later held level as preferred], Commodities set to rally." â â â
Friday "We may see some profit taking today." â â
PLTR idea â
So many ideas, intraday, swing, investment - I cannot even cover them all