BTCUSD daily price action 854 replies
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DislikedMY ANALAYSIS IS FOR BTC... IS MARKET PREVIOUS (HIGH LIQUIDITY SWEEP)+LONG WICK REJECTION AND CLOSED UNDER ON PREVIOUS SUPPLY ZONE ON 15MINUTE TF + TRENDLINE BREAK. I backtested this and observed that whenever there is a trend (either up or down), once a CHOCH occurs—like in BTC right now where buyers have made a CHOCH—the previous selling pressure is expected to return. This should happen when buyers start to weaken or stop. Also, there is a main FVG below on the 15-minute timeframe, which price is likely to come down and tap. If my analysis is...Ignored
DislikedBitcoin has successfully broken below the 0.618 level (75.9K) for the second time. The 73.5K level remains unbroken, while the WXY wave structure continues to support a bullish outlook on Bitcoin. Based on the latest market conditions, the Wave C target has been revised to 80.7K. {image}Ignored
DislikedOur target at 80.7K has been successfully reached. Based on the ending diagonal structure in Wave C, we are maintaining our current count, treating this move as part of a corrective phase. Bitcoin is expected to undergo a correction towards the 79.5K–80.4K zone. Overall, our market bias remains bullish, with strong support from the chart pattern around the 79.6K level. {image}Ignored