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🔵$BTC Daily Chart Update: Delivered as outlined from Daily Bisi (daily MMBM)
🔵$BTC Weekly Chart
Weekly NFP candle closed bearish through weekly bisi, disrespecting it, so weekly switched to bearish. Currently staying sidelines, not looking for shorts, not looking for longs on this asset.
Monthly ERL target that we gave you was hit right away, and then went into retracement, possibly even reversal because candle didn’t close through just wicked above our target and. Closed back.
We will wait for this quarter to pass. And we will re-analyze it in the 2nd quarter of the year (Next 3M candle) to see how the next candle will print and how this monthly candle will close.
We entered 50/50 conditions and we do not prefer trading when market is 50/50 until it gets clear and probabilities for one direction gets higher
Monthly chart still staying bullish, Weekly chart flipped bearish. Let’s see how this month pass and if we get back bullish on Weekly otherwise price can tank deeper.
🔵$BTC Monthly & Weekly Chart
🔹On Monthly Chart we are still Bullish, we made a retracement exactly into E.Q. (50%) of Bullish monthly range as we marked in previous analysis.
🔹Weekly Chart is still Bullish, Short Term Low was order paired into Monthly Bisi, we need to wait and see what NFP on Friday does to gat more data. If Weekly candle closes above that black line there will be a potential for weekly swing low to form. However NFP can also completely turn Bias and flips sides so we have to wait that it passes to get accurate further read.
🔵$ETH Monthly Chart: Monthly chart looks promising(bullish), but we have to wait that Daily realigns and flips back bullish first.
🔹M Erl will be the target once Daily flips bullish, if that does not happen theres no Target.
🔹Until Daily is Bearish there is still a possibility for another push lower, that’s why Daily has first to flip back bullish before Setting a target and looking for any buy setups.
🔵$BTC Old ATH Target that was projected in previous TA was hit. 🎯
🔹We didnt get a desired pullback, price mitigated upper portion of Monthly Bisi and went for new all time high.
It also mitigated weekly Bisi (FVG).
🔹We’ll wait a bit until making a new TA and setting new Targets, another pullback back into Monthly Bisi is still possible.
🔵$BTC Monthly Chart
🔹On the Monthly we are bullish
🔹Ideal/Healthy Pullback before Bullish continuation should be in area between $82516-$78970
🔹This Price range for a pullback is from Equilibrium(50%) of Monthly Bisi and 50% of Monthly Bullish Range
🔹We turn bearish on Monthly if Monthly Candle Closes with body closure through Monthly Bisi(Bullish FVG)
Repost from CryptoMarketWizards® - Ta/Fa
$BTC Monthly Chart anotations. 2 days till monthly candle closes and prints new Monthly Bisi from where we could potentially get clean long positions.
