Shinigami ✍️
Shinigami ✍️

@CryptoFuturist9

10 Tweets 35 reads Dec 05, 2021
1/1 A Complete Thread on #BTC
After the filling of imbalances(FVG) below the previous high, hold above these levels and we're ready to aim for the higher inefficiencies left until a clear MSB
2/1 #BTC
this scene looks more like the crash in may, too much leverage pumping the price again, the price will more likely consolidate perhaps making a 3-tap setup to take most of the leveraged stops out before the real pump to new highs
3/1 #BTC
One of the reasons to be bullish is the clear retest of the diagonal breakout from the april ATH to sept high, a clean daily candle close below this diagonal trendline could lead to lower levels targeting 37,500, 31,500
4/1 #BTC
another view for the current situation would be to for a bounce from 42,200 - 37,500 targeting upper supply at 52,800 - 55,400 possible making a head and shoulder pattern, this pattern would be complete only on a clear MSB below 37,500
5/1 #BTC
the importance of the golden pocket zone to be taken into consideration here, price corrected to the .618 level from the impulse move from 2020 sept to 2021 april high, a clear of these levels would result in a SFP(Swing failure Pattern)
6/1 #BTC
We aren't in a clear bear market yet, until we close 2 weekly candles below the 21W ema, same for the 50W ma acting as solid support resulting in prices going parabolic as seen in the past data
7/1 #BTC
Price needs to hold the high of july on the monthly for the price not to result in a clear SFP, the lowest here could be the the low of August for breaking of that would result in a clear MSB, on the weekly would want to see candle close above the green demand
8/1 #BTC
why i think we'd be consolidating here targeting higher prices, one of the reasons would be reset of OI(Open interest) and Funding rates shaking most leveraged traders out, we could still be making a lower low at 37,500 if derivatives push price instead of spot
9/1 #BTC
why i think we couldn't be breaking lower than 36,400 is mostly because of major buying orders capable of moving prices from 40k to 69k, one such wall was seen on BTC at 10k, solid hold from these lows would be an easy swing till 63 - 72.8,
10/1 #BTC
Conclusion would be to be mega bullish only if we see a clear 3-tap support or MSS (Market structure shift) taking out previous LH no need to catch falling knives, great opportunity for swing traders at these levels
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