What Actually Happened To Bitcoin Price Action Edition
So I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
交易开始:
BEAR TP1 HIT during New York session May 11th, 2022.
We'll see if this fills the order block from 2021 and we'll go back up or we head to the next pivot area below.
We'll see if this fills the order block from 2021 and we'll go back up or we head to the next pivot area below.
交易开始:
BEAR TP2 HIT during New York session May 11th, 2022.
Since that was a monthly zone it broke through, it's getting more likely we'll reach the next key level zone, which is the 4th BEAR TP.
Since that was a monthly zone it broke through, it's getting more likely we'll reach the next key level zone, which is the 4th BEAR TP.
交易开始:
BEAR TP2 & 3 HIT during London session May 12th, 2022.
交易结束：到达目标:
BEAR TP4 was hit during New York season June 13, 2022