After testing the 44k resistance level, BTC looks like it is taking a breather before continuing on the upside in a stair manner.
On the 15 Min timeframe we can observe clearly that we are in a well defined range and we are now more or less in the middle of that range, the side breakout of this range in this timeframe will define the 1h and 4h trend for the next period.
The daily sees some clear fib levels being confluencial with resistance levels , notably:
- 0.236 confluential with VPVR of the last large move @ $46.900
- 0.382 high side of the previous range @ $50.800
- 0.618 @ $57.700
The wavetrend formation, MFI and Vwap that you can see on the bottom right of the chart scream bull. The wavetrend is on the daily chart.
Fundamentally, the whole market Stocks+crypto has reacted well to the inflation numbers announced by the FED yesterday. Continuation would be logical but don't forget that we have some strong resistances above us. The closest one would be the 46.900 - 47000 level where we can expect a small rejection.
On the 15 Min timeframe we can observe clearly that we are in a well defined range and we are now more or less in the middle of that range, the side breakout of this range in this timeframe will define the 1h and 4h trend for the next period.
The daily sees some clear fib levels being confluencial with resistance levels , notably:
- 0.236 confluential with VPVR of the last large move @ $46.900
- 0.382 high side of the previous range @ $50.800
- 0.618 @ $57.700
The wavetrend formation, MFI and Vwap that you can see on the bottom right of the chart scream bull. The wavetrend is on the daily chart.
Fundamentally, the whole market Stocks+crypto has reacted well to the inflation numbers announced by the FED yesterday. Continuation would be logical but don't forget that we have some strong resistances above us. The closest one would be the 46.900 - 47000 level where we can expect a small rejection.
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Join our free telegram community here: t.me/sublimetraders
Our website: sublimetraders.com/
Proudly listed on binance-futures-signals.com/
GET Lorentzian ML access - bit.ly/Lorentzian
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Proudly listed on binance-futures-signals.com/
GET Lorentzian ML access - bit.ly/Lorentzian
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