BTC Outlook For The Weeks Ahead!!!
Hello Everyone,
I have decided to post free market idea's every week or so for free, so everyone can see what i see backed by REAL data.
As you can see using Liquidation Data, Net Long/Short Data, Levels/Zones and some other analysis, we can see where the market is likely to move. Especially as we move into halving in a months time.
We can see that there's likely liquidation events that are in correlation to the historical levels, open orders and there's really declining volume in the market right now.
My targets are $66,000 and $69,100 for the next push up to liquidate shorts, before heading back down to the first level of $60,000-$62,200 where there's our first zone, their is a possibility for this to hold through halving, but i see the $48,800 - $53,200 zone settling pre-halving or just after. It makes sense on all accounts for ETF's as they're still having net in-flows for the market eg. BTC, which means once prices drop more will be bought up quite quickly.
For the week ahead i am looking at 2x moves, Long to that $66,000 zone, Short to that first $60,000 zone.
There's USA GDP Growth Rate, Cpre PCE and Personal Income and Spending this week aswell which means there's likely that volatility.
If you like these free idea's. Please support us, we love giving out free scripts and ideas and there's alot more to come.
Thanks
Mxwll Capital Team
I have decided to post free market idea's every week or so for free, so everyone can see what i see backed by REAL data.
As you can see using Liquidation Data, Net Long/Short Data, Levels/Zones and some other analysis, we can see where the market is likely to move. Especially as we move into halving in a months time.
We can see that there's likely liquidation events that are in correlation to the historical levels, open orders and there's really declining volume in the market right now.
My targets are $66,000 and $69,100 for the next push up to liquidate shorts, before heading back down to the first level of $60,000-$62,200 where there's our first zone, their is a possibility for this to hold through halving, but i see the $48,800 - $53,200 zone settling pre-halving or just after. It makes sense on all accounts for ETF's as they're still having net in-flows for the market eg. BTC, which means once prices drop more will be bought up quite quickly.
For the week ahead i am looking at 2x moves, Long to that $66,000 zone, Short to that first $60,000 zone.
There's USA GDP Growth Rate, Cpre PCE and Personal Income and Spending this week aswell which means there's likely that volatility.
If you like these free idea's. Please support us, we love giving out free scripts and ideas and there's alot more to come.
Thanks
Mxwll Capital Team
Comment:
Indecision now at this 70k ish level. Looks weak at the moment but may trap some people into the weekend up at 74k. I do see the pullback happening within the next 7 days
Comment:
Pullback to 66k hit, see where the week takes us now. I wish i could update here with pictures of progress.
Comment:
We now tag the 59.8-60k zone perfectly as projected. Going very very so far.
Depending on DXY we could see BTC and S&P push a little higher at NY open.
Sluggish volume on BTC atm though.