It made a quick return from $BTC 57K, exactly as I expected. I told you that this was a trap, and as I mentioned on the chart, there was a rapid recovery to the region I expected (64K). So why did I expect him to hang out here? and where is the direction now? #altcoins When is the departure?
Order Blocks represented by red boxes in the #Bitcoin chart examined in the 4H time frame below act as resistance. These Blocks are places where sales transactions are entered and they are powerful. At the same time, people who expect a decline sell the altcoins they hold in these regions. This is why you feel pressure in the market. Selling pressure is too much, those who expect a decrease are running away...
I have previously shared the $ETH chart with you and #Ethereum forms a big bull flag in that chart, as a result of which I said that we will see a good rise in altcoins in the coming weeks. At the same time, I analyzed the ETH/BTC parity, which is one of the many parameters that help us analyze the future movements in altcoins, and shared it with you and the altcoin I told you that these are the best times to buy.. Many people were shaking with fear and waiting for 50K and below in Bitcoin, but I persistently told you that you should not miss these buying opportunities and shared with you projects such as $PEPE #BONK #ARKM WLD ID JTO FLOKI SHIB BOME and now they are all profitable. provided..
Anyway, without further ado, let's get back to our analysis... There is great pressure on the market for the reasons I mentioned above... These Order Block areas will not be overcome easily, but when we look at the BTC chart again, we see that Bitcoin has formed a bull pennant in the 64K order block region.
Contrary to those who think that the prices will go down further and see this rise as an opportunity to exit the market, I expect a sharp upward movement in Bitcoin.68K - 71.There is EQH liquidity in the 3K region, which I shared with you before, and it is high. I am still waiting for it to clear. There are a lot of fake movements and manipulations in daily and hourly candles, but weekly candles cannot be manipulated at this stage and what I am waiting for are weekly candles 👇