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$BTC from technical analysis and database perspective
I have posted this chart in the Database group quite a few times and this is not a strange model to PTKT traders.
Many people during the recent dip asked me where is the bottom? 39k7 or 38k or even 30k? Actually, I can't answer this question because I can't know where MM will go. However, there will be signals to reach that area, confirming it is definitely a bottom.
1. Can be a PTKT model, max pain killer
2. EMA wire response
3. OI drops strongly ==> The shake out zone has many orders, causing OI to drop strongly and often tends to reverse.
4. Determine whether there is an order for consolidation or discharge at that top or bottom area. This is very important, and onchain helps confirm a lot in this important step. (Set up stablecoin, set up BTC ETH listing, set up lending, insider trading...)
This part 4 is a bit difficult at the top because it will be very small signals, cashouts with small amounts of money from MM or sell limit settings that we accidentally ignore.
So I have a specialized signal for shorting that I have told everyone many times about CLLD and bullish/bearish bias. Sometimes you have to use tips/tricks that have a win rate of >80% :))
Determining whether the bottom is the bottom or not will be easier.
According to the model I drew below, my view is that $BTC will rise to the 50-52k range again and then... go to the Database and let me tell you.
