Before we discuss about next expected move we need to recall something.
Last time bought at $56,200 level.
Directly in clear words said $65K & $66K is our next stop.
30% sold at $65K zone.
Waiting for 1D closing above $65,200.
That's what we did in last 30 days. Now we need to analyze again our graphs need to check charts more deeply. As we are entering into a Bullish trend in 1D TF from bearish and consolidation range from last 5 months. Now first take an overview what we are going to discuss in today article so you can read easily what you want as today article is lengthy then usual:-
$BTC Trend Reversal Formation
High Liquidity Areas
$BTC Technical Analysis
Expected Target Point
Personal Opinion
Note: Must read full post for better understanding 🤠.
1. BTC Forming Trend Reversal Chart 📈:-
🔸If we look on #BTC☀ 1D TF chart then it clearly shows that it has changed its character means reverse it's trend from Bearish to Bullish.
🔸As you can see in chart that BTC closed 1D above last lower high. Indicating shifting of trend reversal. That is happening first time in past few months. We can guess from it that consolidation period of last 6 months is over now and a Bull rally is awaiting to all holders. Also a support area is marked with green color if BTC take some retracement then it will be final area from where market will take a bounce and can higher till $67,200 and 69,400. And that area is $62,700.
2. High Liquidation Areas:-
🔸 Liquidation are mostly used to mark the level from where market can take a bounce if market manipulator manipulate market.
🔸So, if we look on Liquidation Heat Map 🗾 ( Issued By Third Party Websites) of #Bitcoin❗ then it's clearly shown that next higher amount of liquidation are in upward side that are near to current price ($64,800). There is $1.16B+ Liquidation at $67,200. Most probably market sweap out this liquidation atleast. And then next higher amount of liquidation is at $70,200 of worth $1.67B+. But there is no much liquidation between $67,200 and $70,200 so we can see some consolidation at $66,800 level to create more liquidation on upward side. And then it sweap $70,200 liquidation.
3. Bitcoin Technical Analysis:-
🔸If you are reading last #bitcoin☀️ updates also then you know we are just waiting for 1D candle to close above $65,200 that has happened now. BTC 1D candle closed at $62,177 that is also acceptable.
🔸According to technical analysis 1D candle closed above speculation area and resistance area so, we need to mark some upward side target point for our assest that we bought at $56K area and assest that we reput in market again after 1D closing above resistance. For that we set another portion in article that is given below.
4. Expected Target 🎯 Point:-
🔸To mark next stop for BTC / Target 🎯 Point we need to mark resistance level or order block. For that we prepared a seperate chart for you that you can see below.
As you can in chart we have an order block at $67K area and a resistance level at $70K area. So, our next t.p will be:-
$67,000
$70,000
5. Personal opinion:-
🔸 Personally I will not sell my 30% holding that I was decided two days ago to sell today. I will keep 100% my holding in market and wait for $67K there I will sell 30% without any hesitation and wait for 1D closing if BTC close above $67,500 then I will put these 30% again in market other wise if it retrace till $65K I will buy the dip.
🚨 Note:- It is all what I am expecting from market and my personal opinion for personal use. Do your own research and manage your portfolio accordingly.
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