Today's dump was stopped right on the 4h 50 EMA, but the picture is conflicting right now.
Daily: constructive
→ Clean retest of the old 83K high
→ Holding the swing VWAP (volume-weighted average price) anchored at the 75K low where this pump started
4h + lower timeframes: sellers stepping in
→ Double top into 87K with RSI divergence
→ First time in this move that BTC failed to make a new high on the 4h
→ Friday's daily candle closed with a long upper wick
That's what makes today important. Sellers put the lid on it for the first time.
My expectation:
at least a wick-fill toward ~86K (the 0.618 fib of the drop, and imbalance sits there). From there I lean lower rather than higher. A weekend pump into that zone looks more like a fill than real demand, especially with thin liquidity.
What changes my mind: BTC accepting above 86.5K, meaning closes up there instead of just wicks.
NFA.
Daily: constructive
→ Clean retest of the old 83K high
→ Holding the swing VWAP (volume-weighted average price) anchored at the 75K low where this pump started
4h + lower timeframes: sellers stepping in
→ Double top into 87K with RSI divergence
→ First time in this move that BTC failed to make a new high on the 4h
→ Friday's daily candle closed with a long upper wick
That's what makes today important. Sellers put the lid on it for the first time.
My expectation:
at least a wick-fill toward ~86K (the 0.618 fib of the drop, and imbalance sits there). From there I lean lower rather than higher. A weekend pump into that zone looks more like a fill than real demand, especially with thin liquidity.
What changes my mind: BTC accepting above 86.5K, meaning closes up there instead of just wicks.
NFA.
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
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.
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
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.