This zooms out the same 2021 M Support setup that's run through several posts now, worth seeing the entire sequence on one chart.
The late-June sweep of both levels, 61,338 and 58,859, is the low on the left, tagging 58,700 before reversing. The recovery from there ran the full range back through 64,734 and on to the POC test near 66,900 in mid-July. That's the complete arc: sweep, reclaim, markup, resistance test, all visible in a single view rather than pieced together across separate ideas.
Since that POC test, price has pulled back and is now consolidating right around 64,441, sitting just under the 64,734 pivot that's acted as both resistance and support multiple times through this entire structure. That repeated role reversal, a level flipping from ceiling to floor and getting tested from both sides, is the kind of confluence Continuation Acceleration Protocol treats as meaningful, not incidental.
The volume MA has been drifting lower across this entire multi-week structure, even through the POC test and the pullback since. That's consistent with the quiet accumulation read from the earlier updates, this hasn't been a conviction-driven move on either the way up or the pullback down.
2021 M Support remains untested since the June sweep, sitting well below current price as the deeper structural floor if 64,734 and the range beneath it give way.
What invalidates the broader constructive read: a close back below 61,338, reopening the door toward the June lows. What confirms continuation: holding here and mounting another attempt at POC.
Seneca wrote that we suffer more in imagination than in reality. The imagination sees every pullback from POC as the top. The reality so far has been a level that keeps getting defended.
The late-June sweep of both levels, 61,338 and 58,859, is the low on the left, tagging 58,700 before reversing. The recovery from there ran the full range back through 64,734 and on to the POC test near 66,900 in mid-July. That's the complete arc: sweep, reclaim, markup, resistance test, all visible in a single view rather than pieced together across separate ideas.
Since that POC test, price has pulled back and is now consolidating right around 64,441, sitting just under the 64,734 pivot that's acted as both resistance and support multiple times through this entire structure. That repeated role reversal, a level flipping from ceiling to floor and getting tested from both sides, is the kind of confluence Continuation Acceleration Protocol treats as meaningful, not incidental.
The volume MA has been drifting lower across this entire multi-week structure, even through the POC test and the pullback since. That's consistent with the quiet accumulation read from the earlier updates, this hasn't been a conviction-driven move on either the way up or the pullback down.
2021 M Support remains untested since the June sweep, sitting well below current price as the deeper structural floor if 64,734 and the range beneath it give way.
What invalidates the broader constructive read: a close back below 61,338, reopening the door toward the June lows. What confirms continuation: holding here and mounting another attempt at POC.
Seneca wrote that we suffer more in imagination than in reality. The imagination sees every pullback from POC as the top. The reality so far has been a level that keeps getting defended.
Charles V. — The Chart Whisperer
10+ years live BTC & ETH perpetuals. Elliott Wave, Wyckoff, Institutional Order Flow — integrated into one rules-based framework.
Full system: chartwhisperer.ca
10+ years live BTC & ETH perpetuals. Elliott Wave, Wyckoff, Institutional Order Flow — integrated into one rules-based framework.
Full system: chartwhisperer.ca
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Charles V. — The Chart Whisperer
10+ years live BTC & ETH perpetuals. Elliott Wave, Wyckoff, Institutional Order Flow — integrated into one rules-based framework.
Full system: chartwhisperer.ca
10+ years live BTC & ETH perpetuals. Elliott Wave, Wyckoff, Institutional Order Flow — integrated into one rules-based framework.
Full system: chartwhisperer.ca
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.