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šŸ“‰ Bitcoin Daily šŸ“ˆ #Bitcoin finally dipped below Daily 20SMA āœ… Hope you followed my idea and didn't get in FOMO on BTC fake pump moves. That dip gave nice volume and we can even see a buy tail under that 4H upclose candle (potential SFP). All lower timeframe SMAs are meeting here around 67750. That means that either $BTC will pump through developing month VAH, or make another dip below Day 20SMA which will lead to further correction. I forecasted what was visible, but now, on its own, BTC chart doesn't give any certainty for any of scenarios. Some bullishness can be taken from S&P500 chart which closed Friday with bullish 4H/D candle. So that gives some bullish vibes for the next week, and crypto might pick it up already during this weekend. Since I'm not trading these days I don't plan to take part in weekend PA. But I leave limit orders to buy #BTC in case it dip to 63-64k. I believe that entry will be at least lossless (with DCA under 60k). And in perspective can give nice profits. Nearest liquidity pools: above - 68178 / 69055 / 71155 / 71944 below - 67137 / 66424 / 65700 / 64262 Lines on the chart: šŸ”ø73881 - ATH šŸ”ø71363 - March close šŸ”ø70393 - last W VAH šŸ”ø68540 - week close šŸ”ø67750 - week high / last W VAL šŸ”ø66239 - last week open šŸ”ø64025 - last April week close Trend: D ā–¶ļø W šŸ”¼ M šŸ”¼ šŸ¤‘ F&G: 72 < 73 < 73 < 72 < 72 {future}(BTCUSDT)

šŸ“‰ Bitcoin Daily šŸ“ˆ

#Bitcoin finally dipped below Daily 20SMA āœ… Hope you followed my idea and didn't get in FOMO on BTC fake pump moves.

That dip gave nice volume and we can even see a buy tail under that 4H upclose candle (potential SFP). All lower timeframe SMAs are meeting here around 67750. That means that either $BTC will pump through developing month VAH, or make another dip below Day 20SMA which will lead to further correction. I forecasted what was visible, but now, on its own, BTC chart doesn't give any certainty for any of scenarios.

Some bullishness can be taken from S&P500 chart which closed Friday with bullish 4H/D candle. So that gives some bullish vibes for the next week, and crypto might pick it up already during this weekend.

Since I'm not trading these days I don't plan to take part in weekend PA. But I leave limit orders to buy #BTC in case it dip to 63-64k. I believe that entry will be at least lossless (with DCA under 60k). And in perspective can give nice profits.

Nearest liquidity pools:

above - 68178 / 69055 / 71155 / 71944

below - 67137 / 66424 / 65700 / 64262

Lines on the chart:

šŸ”ø73881 - ATH

šŸ”ø71363 - March close

šŸ”ø70393 - last W VAH

šŸ”ø68540 - week close

šŸ”ø67750 - week high / last W VAL

šŸ”ø66239 - last week open

šŸ”ø64025 - last April week close

Trend: D ā–¶ļø W šŸ”¼ M šŸ”¼

šŸ¤‘ F&G: 72 < 73 < 73 < 72 < 72

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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šŸ“‰ Bitcoin Daily šŸ“ˆ #Bitcoin absorbed liquidity above 69k and got rejected - so my forecast for first move up came true āœ… I wrote about 4H close above 68524 as bullish condition, but when it comes to "shooting star" candles, that condition doesn't work. Such candles should be taken with caution in any case. They indicate that sell wall got filled by stops and breakout longs, and there bulls ran out of steam, unable to push price higher. Yesterday I wrote that Day 20SMA will act like a magnet to $BTC price, asking for a dip below it. This idea remains valid. Maybe will see it today, although after the bounce, now DXY is heading down to W/M 20SMAs and April open, so again, short term crypto isn't pushed down by Dollar. Later today at 12:30 UTC PCE price index in US may cause some volatility. So in about 3 hours we will have a more clear picture. Fast dip to Day 20SMA with long tailed high volume close will be bullish. Close below same moving average will be less promising and may lead to retracement towards liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price. Nearest liquidity pools: above - 71155 / 71944 / 72990 / 74136 below - 667511 / 65860 / 64262 / 63090 SR levels to watch #BTC PA: šŸ”ø73881 - ATH šŸ”ø71363 - March close šŸ”ø70393 - last W VAH šŸ”ø68540 - week close šŸ”ø67750 - week high / last W VAL šŸ”ø66239 - last week open Trend: D šŸ”¼ W šŸ”¼ M šŸ”¼ šŸ¤‘ F&G: 73 < 73 < 72 < 72 < 74
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