BTC - Generational Bottom Idea
Ok, maxis can start making fun of it because 10k is shown on the chart, but I'm a trader and I trade probabilities. Even if the idea is correct, it won't get there straight and it won't get there in one month.
We have three untapped yearly vwaps since 2016, both identified on the chart. I think the first one (at 28k) will come between march and july.
The second one is at 1:1 extension of the ATH-15k-48k move, as well as TR pocket - which gave me to the dollar low entries across all markets. It's extension aligns with 1.272 of ATH-15k-48k move, which gives us 7800-7055 area.
Invalidation if this idea is above 125k so it doesn't really make sense in that regard, but a 2W close above 56k or a new ATH without a HTF bear divs will make it a very low probability.
I'll share a lower time frame idea for long trades, but the areas I'm looking at right now is 38-35, 32-27, 20-16.
We have three untapped yearly vwaps since 2016, both identified on the chart. I think the first one (at 28k) will come between march and july.
The second one is at 1:1 extension of the ATH-15k-48k move, as well as TR pocket - which gave me to the dollar low entries across all markets. It's extension aligns with 1.272 of ATH-15k-48k move, which gives us 7800-7055 area.
Invalidation if this idea is above 125k so it doesn't really make sense in that regard, but a 2W close above 56k or a new ATH without a HTF bear divs will make it a very low probability.
I'll share a lower time frame idea for long trades, but the areas I'm looking at right now is 38-35, 32-27, 20-16.
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