Bitcoin / TetherUS
Long
Updated

112K THE POWER RETURN OR THE END OF CYCLE? - BTC now still GREEN

202
BTC is currently at a critical point. From a cycle perspective, we are at the bottom of the cycle—a zone where major whales can decide whether to continue the cycle or bring it to an end.

When BTC just slips below 112K it does not directly end the cycle; it need also provides time frame confirmation of at least 4H+ There is high chance BTC can return from 112k zone.


If BTC holds its levels and rises above 112K with confirmation, we could the strong cycle.

If BTC breaks down further below 12K–10K, it would signal the end of the cycle that started around 84K.

At this moment BTC is still long for the cycle


Momentframe by 112K /110K = END CYCLE
Low time frame BTC = RED
High frame time BTC = RED
Cycle frame time BTC = GREEN
Trade active
112K can become the new entry of volume, since whales can protect the cycle.
Note
112K+- did proof until now to be a secure for the cycle
Trade closed: target reached
BTC can target 120K if it keep the trend volume as it looks.
Note
snapshot
Note
The only risk for BTC it will be when it goes below 110K

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.