$BTC Update Fri Nov 24đ´đ˘
Btc has been ranging and eating up retail. Were consolidating in a channel in the weekly fvg that i mentioned weeks ago. Im watching for one of the following to play out, We have a value area range from 34-40k so with all this binance fud i would imagine you have shorts building up. In order to take them out we liq grab to 40-41 then head down to macro support at 32-30k and then make a lower high/ bearish retest of 34-38 then further down. Or we head down to 32 first and we get a nice bounce that takes us up into the low 40s, and then down again. on the lower tfs we can see that were forming a rising channel but recently it looks like were forming either ascending triangle or its a symmetrical triangle. easy way to look at it is which ever side break we either go to 40 or we go to 34 then 40 or down to 32 then 40. One things forsure when we do pullback and fine support, alts will go crazy. Im watching the dxy and it looks like were getting close to a bottom, we have ichi support at current level, however we have the downtrend that we broke that lines up with the golden pocket slightly below (which would line up with the btc liq grab theory). spx managed to get a monster bounce from the level that i showed yall in my previous post, were at our last resistance zone before we retest the ATH. Were at out VAH and were starting to see some big divs on the daily, if we rej everything would line up with btc reversal happening near end of year, so we can see some bloodshed before the halving which is in late march#BTC
