BTC FUNDAMENTAL AND TECHNICAL ANALYSIS

A
@asuquokelvin - 1 month ago
Quoted - godspowerdan

I saw the same sell but i was stopped out on BE

You really need to understand liquidity in a different way, how did I know the exact spot to sell immediately the reaction came, that question is to be answered on your chart

A
@asuquokelvin - 1 month ago

BTCUSD โ€” M15 Support & Breakout Analysis ๐Ÿ“Š

BTC is currently showing a bullish breakout structure on the M15.

Price previously rejected from the 79,900โ€“80,000 support zone, where buyers repeatedly defended the area. From there, price started forming higher lows and gradually pushed back toward the 80,600โ€“80,750 resistance area.

The important development is the breakout above 80,600โ€“80,750. If price continues to hold above this area, the previous resistance can potentially become support, giving buyers room to continue toward the next resistance levels.

Key levels:

๐Ÿ”น Support: 79,900โ€“80,000

๐Ÿ”น Breakout area: 80,600โ€“80,750

๐Ÿ”น Target 1: 81,300โ€“81,400

๐Ÿ”น Target 2: 81,700โ€“81,800

๐Ÿ”น Invalidation: Below 79,850

๐Ÿ“ˆ Bullish scenario

The preferred setup is for BTC to maintain acceptance above the breakout area. A retest that holds around 80,600โ€“80,750 would strengthen the continuation case.

If buyers maintain control, the next area of interest is 81,300โ€“81,400, followed by the previous high around 81,700โ€“81,800.

The key is not simply the breakout candle โ€” the reaction after the breakout is what matters. If price breaks above resistance and then loses it immediately, the bullish setup becomes weaker.

My view: bullish continuation is the scenario to watch while BTC remains above the breakout/support structure.

A
@asuquokelvin - 1 month ago
Quoted - asuquokelvin

BTCUSD โ€” M15 Support & Breakout Analysis ๐Ÿ“Š

BTC is currently showing a bullish breakout structure on the M15.

Price previously rejected from the 79,900โ€“80,000 support zone, where buyers repeatedly defended the area. From there, price started forming higher lows and gradually pushed back toward the 80,600โ€“80,750 resistance area.

The important development is the breakout above 80,600โ€“80,750. If price continues to hold above this area, the previous resistance can potentially become support, giving buyers room to continue toward the next resistance levels.

Key levels:

๐Ÿ”น Support: 79,900โ€“80,000

๐Ÿ”น Breakout area: 80,600โ€“80,750

๐Ÿ”น Target 1: 81,300โ€“81,400

๐Ÿ”น Target 2: 81,700โ€“81,800

๐Ÿ”น Invalidation: Below 79,850

๐Ÿ“ˆ Bullish scenario

The preferred setup is for BTC to maintain acceptance above the breakout area. A retest that holds around 80,600โ€“80,750 would strengthen the continuation case.

If buyers maintain control, the next area of interest is 81,300โ€“81,400, followed by the previous high around 81,700โ€“81,800.

The key is not simply the breakout candle โ€” the reaction after the breakout is what matters. If price breaks above resistance and then loses it immediately, the bullish setup becomes weaker.

My view: bullish continuation is the scenario to watch while BTC remains above the breakout/support structure.

Price took profit at 81401 after holding 80600 level

N
@nsg_usd - 1 month ago
Quoted - asuquokelvin

Price took profit at 81401 after holding 80600 level

This is Nice. I'm still watching how the retracements will go this week.

N
@nsg_usd - 1 month ago
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@asuquokelvin - 1 month ago
Quoted - nsg_usd

Clean trade setup.

BTC has gone to 84k, from the level I took the trade from

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@asuquokelvin - 1 month ago
Quoted - nsg_usd

This is Nice. I'm still watching how the retracements will go this week.

Price is just pumping and that is one thing about BTC if pushing up or down it just continues untill it gets to the price level it's targeting

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@asuquokelvin - 1 month ago

82256.67 is the next anticipated reaction level for a continuation, am not interested in the sells I will just wait for price to retest that level for buy continuations if that level fails then I will reassess the pair

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@asuquokelvin - 1 month ago
Quoted - godspowerdan

Why not use an orderblock

When looking at pd-array preference fvg comes first before an order block, that is why if you check no fvg you chose the order block, for this one there is an fvg at 83263.74 to 82256.67 level

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@asuquokelvin - 1 month ago
Quoted - godspowerdan

I get it now

BTC is still pumping without even giving an opportunity

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@asuquokelvin - 1 month ago

BTC has been rallying for a long time and is currently making a pull back to demand level, the boxed area is my poi want to see how price will react to that level so I can take a short position

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@asuquokelvin - 1 month ago
Quoted - asuquokelvin

BTC has been rallying for a long time and is currently making a pull back to demand level, the boxed area is my poi want to see how price will react to that level so I can take a short position

BTC has been rallying for a long time and is currently making a pull back to demand level, the boxed area is my poi want to see how price will react to that level so I can take a short position

A
@asuquokelvin - 1 month ago
Quoted - godspowerdan

Yeah the bearish idea is very valid

I will just wait for that zone let price get there

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