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$BTC has seen a CRAZY rally right into resistance! After the deviation we saw on Bitcoin back below its neutral range into $7
$BTC has seen a CRAZY rally right into resistance! After the deviation we saw on Bitcoin back below its neutral range into $75.5k AND into the 4H 50EMA, price has since bounced with EXTREME volatility back towards the top of our neutral range. With how fast we saw price fly to the top of the neutral range, it’s safe to assume there should be some sort of seller strength at resistance, which we are currently seeing. If price continues to move higher with strength and breaks out from our neutral range, it’s safe to assume that the May local high would get smashed, therefore undeniably creating a new uptrend. VERY important levels here to keep a close eye on, so make sure you’re paying very close attention over the rest of the week!

$BTC could be printing a deviation setup just like I mentioned yesterday 👀 Since we did not see any volatility to the downsi
+1
$BTC could be printing a deviation setup just like I mentioned yesterday 👀 Since we did not see any volatility to the downside after price broke both the RSI uptrend AND the $76k support level, I talked about the possibility of a deviation setup being in place, similar to when price broke above $82k. Now that price has once again climbed back above $76k, there’s a chance that we are seeing a very similar deviation setup occurring as we speak. This would mean price is still in the same sideways consolidation range that I’ve been keeping my eye on for weeks now. Until we see a STRONG breakdown of $76k OR a strong breakout above $82k, we are still in a very neutral range at these prices. I’m keeping a very close eye on today’s daily close to confirm whether or not we will see this deviation setup play out.

$BTC has officially broken down from its daily RSI uptrend… 👀 Just like I mentioned in my post two days ago, both the $76k l
$BTC has officially broken down from its daily RSI uptrend… 👀 Just like I mentioned in my post two days ago, both the $76k level of strong support AND the daily RSI uptrend had very strong confluence as MTF support. As I mentioned, a breakdown of the daily RSI would very likely result in a breakdown of $76k, which is now exactly what we have seen happen with yesterday’s daily close. The odds of an MTF correction into $70k and even as low as the mid $60ks are now very much on the table. The bulls are still fighting to hold price above $75k, but this level holding for much longer is not highly likely. Keep a close eye on the next few daily candle closes, as the bulls still have the opportunity to print a deviation setup and push price back above $76k.

I would take advantage of this while it lasts MetaWin is airdropping us another $1M this month Everyone who deposits on metawin.com qualifies You may as well go deposit and try your luck If you get lucky you’ll turn $2.50 into $10k like this But at a minimum, you earn part of the $1M drop

The uptrend on the $BTC daily RSI is still holding strong… 👀 Just like I talked about yesterday, the daily RSI is a major le
The uptrend on the $BTC daily RSI is still holding strong… 👀 Just like I talked about yesterday, the daily RSI is a major leading indicator for larger corrections in Bitcoin’s price. After today’s pretty strong rally, the RSI uptrend has still held strong, further validating the importance of this uptrend. I’ve also been talking about the sideways consolidation that we have seen between $76k and $82.2k, which has a lot of confluence with the RSI uptrend. If we were to see price fall below $76k, this would also break the RSI uptrend, which ALSO validates the importance of price holding strong above $76k. I’m going to be keeping an extremely close eye on this level throughout the week. Some huge trade setups could come from this level sooner rather than later…

I’m keeping a VERY close eye on the daily RSI at these levels… The prior 2 times we saw major breakdowns on the RSI, they wer
I’m keeping a VERY close eye on the daily RSI at these levels… The prior 2 times we saw major breakdowns on the RSI, they were major leading indicators that strongly correlated with Bitcoin’s price. A breakdown of the RSI would confirm heavy bullish weakness in the markets, with bears beginning to take over the strength and momentum. An RSI breakdown wouldn’t automatically mean we are going to see new bear market lows, but it would definitely increase the probability of a larger mean reversion correction to at least the $70k level. As of now, the daily RSI has not broken down, meaning we could still see price move back into the 80s in the short term. But make sure ur keeping a very close eye here!

$BTC is loading up a big move very soon… Ever since the end of August, Bitcoin has been slowly forming a neutral range betwee
$BTC is loading up a big move very soon… Ever since the end of August, Bitcoin has been slowly forming a neutral range between $82.2k and $76k. This means price is not objectively bullish or bearish at these current levels. The first trigger points I’m keeping an eye out for are a breakout of $82.2k AND a breakout of the May highs at $82.8k. This move would be what establishes a new macro uptrend and likely the beginning of another leg higher. The other trigger point I’m keeping a close eye on is a breakdown of $76k. If we were to see this, price would fall into a major VRVP gap, and we’d likely see a major dump into $70k. Both of these trigger points could be great levels to watch for some strong trade setups. Keep a close eye on these levels!

If you didn’t see MetaWin just announced they’re airdropping us another $1M this month Every single person who deposits on metawin.com qualifies May as well go depo to guarantee yourself part of it Might get lucky and turn $45 into $87k while you’re at it

$BTC short term has been extremely choppy over the past few days 👀 Price has fallen below its short term support level we’ve
$BTC short term has been extremely choppy over the past few days 👀 Price has fallen below its short term support level we’ve been talking about, sitting around $79k, but we have yet to see a retest the next major short term support level at $77k. At this point, price has essentially created a major sideways range. If we break through local highs, we will likely continue to break above macro resistance at $82.8k. If we fall below $76k, we will likely fall all the way back towards $70k. Until we see a break of either one of those major support or resistance levels, we can consider this current range very neutral. There is no clear upward or downward bias here. Try not to get too caught up in the major chop on the short term, but keep a VERY close eye on these extremely important breakout or breakdown levels!

$BTC is starting to break from short term support… 👀 After more slow price action on Bitcoin to start the week, we have seen
$BTC is starting to break from short term support… 👀 After more slow price action on Bitcoin to start the week, we have seen price over the past few hours slowly slip back below that $79k level on the short term. If this move confirms with the 4H candle close, then I’d expect the next level of support to be around $77k. And if THAT breaks, then $76k is the final short term support level before a major gap in the VRVP. If we fall below $76k, we could easily see a much deeper short term pullback into support around $70k, and even as low as the high 60s again. It’s important to know that even if we do get a dip into the high 60s, it’s still very unlikely we see new bear market lows with all the macro resistance already being broken. Keep a close eye on these short term levels!

$BTC has officially broken above the weekly 100EMA! Yesterday I talked about the possibility of this major level being broken
$BTC has officially broken above the weekly 100EMA! Yesterday I talked about the possibility of this major level being broken with today’s weekly candle close, and as we can see, this is exactly what happened. The implications of this level breaking are very significant, as we can clearly see just from this year alone that this level acts as both strong support and resistance on the HTF. Now that this level has been broken above, it significantly increases the probability that price has officially bottomed already, and we are in the beginning phases of a new bull run. We could still very likely see dips back as low as the high $60ks, but the odds of that pullback resulting in new lows are officially very unlikely. We must remember that the final confirmation of Bitcoin’s bull run truly being back is the break of the prior macro lower high from May at $82.8k. Until that level breaks, we could still see new lows, although it’s very unlikely.

Keep a very close eye on the $BTC weekly chart… 👀 As we are less than a day away from seeing Bitcoin’s weekly candle close,
Keep a very close eye on the $BTC weekly chart… 👀 As we are less than a day away from seeing Bitcoin’s weekly candle close, price is coming VERY close to closing above some major macro levels. The major level I’m keeping an eye on is the 100EMA that I’ve been talking about for the past week now. This EMA has clearly been a MAJOR support and resistance level over the past year during this bear market. This means if we see price close above this exact level tomorrow evening, the macro probability shifts in favour of the bulls EVEN more than it already has over the past 2 weeks. Keep a VERY close eye on this level at the weekly close tomorrow!

$BTC short term has been moving exactly as I’ve expected… 👀 After a rejection from $82k yesterday, I expected to see a short
$BTC short term has been moving exactly as I’ve expected… 👀 After a rejection from $82k yesterday, I expected to see a short term move to retest the prior BOS and support level on the VRVP at $79k. We have since seen that level get retested PERFECTLY, where we are now starting to see a bounce. If $79k can continue to hold strong, then expect another retest and possible sweep of the local highs. If $79k can’t continue to hold this weekend, then expect another retest of $76k as support to keep this larger high $70s range strong. Keep a very close eye on all these levels over the weekend!

$BTC has seen another HUGE rally to the upside… 👀 After a strong leading breakout from the 4H RSI, Bitcoin has rallied all t
$BTC has seen another HUGE rally to the upside… 👀 After a strong leading breakout from the 4H RSI, Bitcoin has rallied all the way to retest $82k for the first time since May! I said in yesterday’s post it was looking like price was preparing for a large volatile move, and this is exactly what we go. This $82k retest has still, so far formed a lower high from the high made in May, but the strength of the short term rallies makes it look like price could most certainly continue higher from here. If we do see a small rejection from here, keep a close eye on the $79k level as a prior BOS and strong support on the VRVP. It should be very interesting to see where this weekly candle closes in the coming days! Keep a very close eye on these levels…

$BTC is looking ready to load up for a huge move on the short term soon… 👀 As price continues to hold macro support between
$BTC is looking ready to load up for a huge move on the short term soon… 👀 As price continues to hold macro support between $76k-$77k, we can clearly see that volume has dropped SIGNIFICANTLY right at that major support level. This is exactly what we would typically see and expect right before a major increase in volatility to either the upside or downside. This is also very apparent from the VRVP, based on the significant drop in volume below and above $77k. These are the MAJOR levels to be keeping an eye on right now for major swing trade setups. Feels like a big move is getting closer and closer!

$BTC is still struggling to hold above the weekly 100EMA… 👀 With price action being very choppy in the short term, it’s bett
$BTC is still struggling to hold above the weekly 100EMA… 👀 With price action being very choppy in the short term, it’s better to zoom out and look at the HTF support and resistance, which will give us a better understanding of why price is struggling to see a strong continuation higher or a strong breakdown. And when we zoom out, we can see that price is currently retesting a MAJOR macro resistance level at the 100EMA, around $78.5k. This is why the short term price action has become so unbelievably choppy over the past few days, since a breakout OR rejection of this level would be highly consequential. If we break out above the 100EMA, it’s essentially one of the last confirmations needed for the macro bull market to truly be in play. But if we start to reject from this level and fall below $76k, then we will likely see a continuation lower to retest the 50EMA around $70k. So right now, short term price action is a direct result of macro support and resistance being heavily in play. I’d keep a very close eye on these levels as we continue through the week!

The final macro $BTC resistance points are holding strong on the weekly… 👀 After a very bullish start last week, with price
The final macro $BTC resistance points are holding strong on the weekly… 👀 After a very bullish start last week, with price climbing back into the low $80k range, we still saw a major rejection at both the $82k ish level and the 100EMA. Both of these rejections occurred near the end of the week AND heading into the weekly close, which ended up seeing the weekly candle print a bearish gravestone doji. Now, this weekly close may look bearish, especially when looking at the candle structure, but since the crazy rally we saw over the past two weeks was so strong, the invalidation points for bulls are much further out of reach, giving price room to create a healthy higher low if we do see a pullback. I’d keep a VERY close eye on the 100EMA throughout the next few weeks, as if we close above that level along with a break of $82k, then it’s HIGHLY likely the macro bull run has started again!

$BTC is starting to bounce on the short term here… 👀 Not too many price action developments over the past 24 hours on the sh
$BTC is starting to bounce on the short term here… 👀 Not too many price action developments over the past 24 hours on the short term. We have started to see a small bounce from the $77k level of support I talked about yesterday. If this bounce and rally can sustain, then it’s very likely we see a retest of the May lower high sitting at $82k-$83k. But if we can’t hold this level, then we must watch for the final LTF level of support at $76k to hold strong. Otherwise, we will drop back into the low $70s. Keep a very close eye on this chart as we head into the weekly close tomorrow.

Some moves are starting to come here for $BTC in the short term… 👀 As I talked about yesterday, I was keeping a close eye on
Some moves are starting to come here for $BTC in the short term… 👀 As I talked about yesterday, I was keeping a close eye on the weakening uptrend Bitcoin was forming on the 4H chart, which has now started to break to the downside. Price has found a very strong level of support around the $77k level on the VRVP and has yet to retest $76k. Until we break below $76k here, we should expect price to continue slowly chopping towards the $82k-$83k level of resistance, where price will then make a strong macro decision. If we do fall below $76k, expect mean reversion to continue all the way down towards support at $72k-$70k. If we do see this type of dump, then we will have to keep a VERY close eye and see if price makes a new HTF higher low or continues to fall. Keep a VERY close eye on these levels as we head into the weekend!

What a cook…
+1
What a cook…