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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.