it is obvious that the main direction is downward, a probable reversal pivot on the purple bermuda level could be expected but befor that it should eat the tiny one minute red bermuda on 28.5k
predicting which level could be our reversal pivot needs to know how much level has eaten from last downward movement. unfortunately I don't have enough data to find low time frame(less than H1) levels from past ...
strength of each level depends on its time frame. till we have bunch of purple levels on 46k, I'm sure about downward trend...
I think probability of path 1 > path 2 > path 3 > path 4
they are going to break the low ( 26.7k ) but each path could have own final destination ...
predicting which level could be our reversal pivot needs to know how much level has eaten from last downward movement. unfortunately I don't have enough data to find low time frame(less than H1) levels from past ...
strength of each level depends on its time frame. till we have bunch of purple levels on 46k, I'm sure about downward trend...
I think probability of path 1 > path 2 > path 3 > path 4
they are going to break the low ( 26.7k ) but each path could have own final destination ...
Transaction en cours
as I mentioned before, bitcoin should eat the tiny bermuda on 28.5kso it created a liquidity with 4 bottom on 28.6K and hunted sellers...
so BTC is ready for climb up to complete one of the 4 path I have drawn ...
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.