What Actually Happened To Bitcoin Price Action Edition

2022年5月10日

So I decided to see why this big ol' drop is happening with Bitcoin.
The answer?

We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.

According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.

If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.

BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05

BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42

2022年5月11日

交易進行

BEAR TP1 HIT during New York session May 11th, 2022.
We'll see if this fills the order block from 2021 and we'll go back up or we head to the next pivot area below.

2022年5月11日

交易進行

BEAR TP2 HIT during New York session May 11th, 2022.
Since that was a monthly zone it broke through, it's getting more likely we'll reach the next key level zone, which is the 4th BEAR TP.

2022年5月12日

交易進行

BEAR TP2 & 3 HIT during London session May 12th, 2022.

2022年6月13日

交易結束：目標達成

BEAR TP4 was hit during New York season June 13, 2022