Current Range levels:
1) 3.618 to 5.618 (at maximum)
2) 4.236 to 5.236 (concentrated)
Near Points of Thick liquidity:
Should be noted, old liquidity can easily be shredded with enough momentum.
a: 55k & 53k
b: 30k
-
Cases for touching "a" first:
1) When BTC.D begins to drop bitcoins price historically rises, on daily BTC.D has had a lower hight and is possibly in the process of a "drop".
2) Multi day Bullish harmonics (anti-butterfly)
3) Double bottom still possible if price closes above 55k
4) We are still preforming higher lows, fighting well against the sell off.
Cases for touching "b" first:
1) Daily fishers that have touched 0 are beginning to curl down. Those that haven't yet, are too curling down.
2) Wicks suggesting greater sell off confirmed by multi exchange depth "charts"
3) Weekly Bull trend support rejection
4) Any trend above 2D Is bearish (excluding 3W and above)
I call for b to be most likely.
1) 3.618 to 5.618 (at maximum)
2) 4.236 to 5.236 (concentrated)
Near Points of Thick liquidity:
Should be noted, old liquidity can easily be shredded with enough momentum.
a: 55k & 53k
b: 30k
-
Cases for touching "a" first:
1) When BTC.D begins to drop bitcoins price historically rises, on daily BTC.D has had a lower hight and is possibly in the process of a "drop".
2) Multi day Bullish harmonics (anti-butterfly)
3) Double bottom still possible if price closes above 55k
4) We are still preforming higher lows, fighting well against the sell off.
Cases for touching "b" first:
1) Daily fishers that have touched 0 are beginning to curl down. Those that haven't yet, are too curling down.
2) Wicks suggesting greater sell off confirmed by multi exchange depth "charts"
3) Weekly Bull trend support rejection
4) Any trend above 2D Is bearish (excluding 3W and above)
I call for b to be most likely.