Bitcoin dumped all the way to Daily 20-sma and found temporary support there. Day candle formed bearish engulfing. Strong downside move often cause a dead cat bounce first, but dump momentum may take price lower on the following swing.
🎯 Key Levels to Watch:
• Above: 120066 / 120900 / 122092
• Below: 117940 / 117400 / 116630
🔥 BTC Liquidation Heatmap:
• Above: 119400 / 120090 / 122174
• Below: 117095 / 116060 / 115484
Short term range ~117400-119255. Price will swing in between till break one way or another.
Most probable bounce target is re-test of zone above 120k which correlates with Wednesday NY low and developing quarter VAH.
If there will be another dip, nearest liquidity pool is within 115485-116060 zone.
⏰ TG alarms set for: 122092 (Tokyo low), 120066 (week open), 117400 (LTF range low), dev Quarter VWAP & VAH & Day 20-sma
🎯 Key Levels to Watch:
• Above: 120066 / 120900 / 122092
• Below: 117940 / 117400 / 116630
🔥 BTC Liquidation Heatmap:
• Above: 119400 / 120090 / 122174
• Below: 117095 / 116060 / 115484
Short term range ~117400-119255. Price will swing in between till break one way or another.
Most probable bounce target is re-test of zone above 120k which correlates with Wednesday NY low and developing quarter VAH.
If there will be another dip, nearest liquidity pool is within 115485-116060 zone.
⏰ TG alarms set for: 122092 (Tokyo low), 120066 (week open), 117400 (LTF range low), dev Quarter VWAP & VAH & Day 20-sma
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.