We have Monthly candle close Today. Expecting volatility today at US Open. I wont be surprised if we see 67k-65k region tested either today or tomorrow where i will be looking to add to my longs. In HTF, Bitcoin is in a Heavy Accumulation Zone.
Historically , I believe we are where we were at June 2020.
A lot of indecision, Volatility and then Up Only, uninterruptedly, persistently & relentlessly.
The one who handles the shakeouts well & won't deviate, Generational Wealth is awaiting the other side.
PS :- Only spot entries are recommended as it's a long term Buy Setup. Buy and transfer to your wallet for few months. Make sure to buy in parts and encash If any dips arrive due to market fluctuations.
This ETF flows are a great way of tracking market sentiments. Above 70k$ we had multiple billion dollars inflow which indicates FOMO in the market where we got our local top
Now $BTC below 60k$, we had multiple 0 buying from BlackRock and today all ETFs had huge outflow amounting to more than 500M$ which indicates max panic in the market
Basic market rule to make money if u follow "Buy the panic, sell the FOMO"
Accumulation Region - $0.02 ~ $0.0256 (Current Price)
Short Term Targets - 0.028/ 0.032/ 0.036
Mid Term Targets - 0.05/ 0.07/ 0.09
HODL Target - $0.15
Invalidation only if btc closes daily below 48k.
PS :- Only spot entries are recommended as these are long term Buy Setups. Buy and transfer to your wallet for few months. Make sure to buy in parts and encash If any dips arrive due to market fluctuations.
A few Market updates on btc, eth, large caps and btc dominance will be posted today. For the time being, the dip is the usual Monday correction. Also tomorrow is the monthly closing & Fomc meeting on May 1st.
60-72k Range in Bitcoin is just like 16-20k range.
Just Like BTC, ETH also grabbed buy side liquidity above PWH before Pulling back which means POI is not Raiding high again this week. so likely scenario that ETH dips with BTC and Grabbed the Sell side Liquidity 3018 before Any potential Bounce.
However if It finds Acceptance below PWL 2865 and Close weekly below 3050 then it can easily dip towards 2650 - 2400 zone and moreover 3520 which was the Strong support now is the massive Resistance
So what comes next.? Maybe 4-10 weeks of slow upwards accumulation in 60k-84k region & then Massive bull run. Don't let them make you sell your bags at any kind of shakeout.
That fake out I was talking about last night happened for real. Either we make double bottom in 59-60k zone and pump hard from tomorrow. If we loss 59k, I'm afraid we might see 52k coming. We'll watch and see how this war escalates.
The price is holding strong around 60-61k, acting as solid support. Bitcoin reached a full wick, grabbing liquidity at lower levels. No need to panic or change your mind hastily right now.
Remember, the electricity cost for Bitcoin mining is currently at 29k, and after the Halving in two days, it will double to 58k. So, any price below 60k is like a gift. The 58-60k range is similar to the 9-10k range back in May 2020 during the last Halving.
Fortunately, altcoins are not facing any major downturn. Hold onto your investments! 💪💪