BTC FUNDAMENTAL AND TECHNICAL ANALYSIS

BTC has been in an upward rally since last week, I had a trade base on my liquidity concept, I took the trade held untill yesterday and closed @ 57k, because I am suspecting a trend exhaustion

Since 5weeks actually

Good trade man 💯

After closing I was very angry when price pumped to 66158 price level

😂

You have to be contented with the little profit you've seen

BTC is actually making some pullbacks to my reaction level after reaching 66,900 level so I'll wait for good reactions inside the yellow box if BTC breaks below the last higher low then our consider it as a validation to look for sells

The buys looks very good

I think i will look our for buys too

That reaction level may not really get tagged today, but patience is one virtue a trader must possess, it's to wait for it till price gets there

We'll wait then so long as the direction remains unchanged

One thing I love BTC is that it doesn't just move and leave someone like gold it's making pullbacks back to my reaction level

i didn't see this early enough. i would have joined the sells

Nice profit. you milked it.
Expecting a consolidation on BTC, before the rally continues. Invalidation of the Bullish Channel will signify a change in the Intraday bias.

It happens, but it's part of what we go through as traders. Sometimes we close our winning trades early, other times they hit our TP automatically. Both wins are wins and we learn to live with it.

BTC-Formation of Double top at this key resistance zone, can drive price strongly downwards.

The sells is still ongoing getting to my reaction level, I will wait there to buy until I see an invalidation

Price is protecting the highs as it retraces downwards.

I wouldn't just place my buy limit below until the protected highs have been invalidated

BTC right now is showing Reversal on the 4hr the yellow marker region is showing a mitigation, which signifies that the trend is weak and becoming bearish it's only a close above the recent highs that can prove otherwise

Price may not necessarily form a double top at that daily level, but can reverse because it is in the supply level of the entire daily bearish move I marked using the red trend line

If price invalidate the 66226.92 level that's above the current price then we should expect more buys to the overall highs

Price is still trading below that protected high that I marked with the yellow box

BTC- With today's Daily breaking below the Flip zone price broke out from, price has the potential to use it as a resistance and continue selling downwards.
Invalidation of the trend support and the imprint of the Top pattern and price will crash down to 62000.