Smart Money contraction value lines. Contractions work as magnets by moving the candlesticks. ADR 3 point locations are where the trend plays its role before it decides to make the next move.
PI CYCLES now read the $58k zone, and should not go any lower than $55k, not because of the bottom red trend but because I need to add a 3k less value based on history reports from the trend falling beneath the red pi cycle MA.
A possible halving pivot will play its role but it all depends on how the volume moves. Pivot might paint a different picture based on volume but will travel in the same halving pattern.
There are two falling wedge underneath the trend lines. One reads $60,678 and the other reads $55,093
Fallin wedge is not my true guidance, but I'll take it as general guidance. My factors are ATR, VOLUME, and ADR plus many more combinations.
In this idea, I'm not making any predictions, I'm only showing what I found as possible scenarios and what's likely to happen.
For example view ADR, trend may break ADR resistance to the upside or support to the downside.
View halving pivot, may not go as high as it has been shown but may play its course with less or more volume.
In conclusion, once the trend reaches the smart money first value line at $66,492, the trend may dip to ADR's newest updated support location.
Soon BTC will print out a BULLISH smart money contraction and this may determine the next possible BTC VALUE.
PI CYCLES now read the $58k zone, and should not go any lower than $55k, not because of the bottom red trend but because I need to add a 3k less value based on history reports from the trend falling beneath the red pi cycle MA.
A possible halving pivot will play its role but it all depends on how the volume moves. Pivot might paint a different picture based on volume but will travel in the same halving pattern.
There are two falling wedge underneath the trend lines. One reads $60,678 and the other reads $55,093
Fallin wedge is not my true guidance, but I'll take it as general guidance. My factors are ATR, VOLUME, and ADR plus many more combinations.
In this idea, I'm not making any predictions, I'm only showing what I found as possible scenarios and what's likely to happen.
For example view ADR, trend may break ADR resistance to the upside or support to the downside.
View halving pivot, may not go as high as it has been shown but may play its course with less or more volume.
In conclusion, once the trend reaches the smart money first value line at $66,492, the trend may dip to ADR's newest updated support location.
Soon BTC will print out a BULLISH smart money contraction and this may determine the next possible BTC VALUE.
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Within the last minute a bearish engulfing had formed and the bulls pushed up and made NULL & VOID the BEARISH ENGULFING based on volume but Heiken Ashi made price action into a bullish doji instead.
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BTC has indicated in retesting
64K
zone
64K
zone
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We are in for a big surprise on a 1 day TF. That’s all I can say for now. THE BULLS WILL ATTACK to spike the price, not now but soon. Can be any day from now.
Remember, many of you have been warned: BULLS at some point well get defeated. This defeat comes from a 2MO TF that closed with horrible BEAR POWER.
BTC is expected to keep moving up but I think it’s to entice traders to buy and go long then comes the dip.
Anything above $70k can be dangerous to hold if you’re a short term trader.
$70k because BTC reads to move up with BULLS in control for a few days or weeks until the BIG GRIZZLY BEAR ARRIVES and will terrify many.
Remember, many of you have been warned: BULLS at some point well get defeated. This defeat comes from a 2MO TF that closed with horrible BEAR POWER.
BTC is expected to keep moving up but I think it’s to entice traders to buy and go long then comes the dip.
Anything above $70k can be dangerous to hold if you’re a short term trader.
$70k because BTC reads to move up with BULLS in control for a few days or weeks until the BIG GRIZZLY BEAR ARRIVES and will terrify many.
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Comment:
