🔔 The promised day October 18:
Once again, the analysis proved its power, achieving what we predicted with 98% accuracy.$BTC It is currently trading at 67900, which is the day we have been waiting for. The question now is: Will we see a real breakout or a quick correction?
⚙️ Technical analysis:
🔸 Number of days:
Bitcoin has been 42 days since the recent bottom at 52,600, a pivotal period according to Gann Square and astronomical time analysis. This timing is ideal for a new high breakout or a violent reversal.
🔸 Negative divergence formation:
On the daily frame, we notice the formation of a “Bearish Divergence” which indicates a possible imminent decline.
🔸 Price Angles - Targeting the 180° angle:
We are currently targeting the 180° angle, a strong and retracement angle located at the 69100 level. This angle always carries high potential for big changes in the trend.
📉 Quantities analysis:
🔹 Between 69100 and 69800:
We notice that the largest leveraged shorts are concentrated, which indicates that these contracts may be liquidated soon.
🔹 Between 61800 and 62000:
A critical area where long contracts are highly leveraged, meaning the market may pull liquidity from this level to liquidate these contracts before continuing upward.
🔑 Conclusion:
Bitcoin is at a very delicate stage, where the market may witness a strong movement towards 69100. Breaking this level will determine the direction of the market. Stay careful, the odds are that there will be significant volatility that may affect leveraged contracts and then we will correct to what we have previously determined.
🔈 To review the previous analysis, see it.
⚠️ Important note:
This analysis fails if Bitcoin closes above 69200 with a full daily candle and is not neutral, as this may indicate a continuation of the rise and the liquidation of short contracts.
#MemeCoinTrending #BNBRisesTo600 #TeslaTransferBTC #USRetailSalesBoost #SCRSpotTradingOnBinance