Bitcoin pumping can we fill up the range up to $71500?
Good morning happy Monday! We are getting the reaction of that key level we had at $59,000 but the question is can we continue higher and fill up the volume profile to the value area high or even continue higher and make new all time highs?!
Let me give my take after looking at the Indicators on the medium term and high time frames, the 8hr,12hr,16hr are retesting the zero line on market cipher b with money flow coming to the upside and to add more confluence to the potential we could have some more legs up with the VWAP looking to print the green dot.
I would be cautious with the 45min looking to roll over on the vwap but the money flow is still in the green signifying the term could continue higher.
If the lower time frames give us those bearish divs and bleed into the larger time frames this move could be lack lustered and the trend can continue lower.
We do have liquidity sitting at $71,600 and liquidity is like a magnetic, we also have liquidity at $58,750 but in my opinion we can grab $71,600 first being the most amount of liquidity sitting their approximately 1.4Billion dollars.
The Order book is giving me confluence that this move can continue higher due to high leverage liquidations are occurring on this 4hr candle at $66,800.
That's all I got if anything come up like always al keep you all updated.
Let me give my take after looking at the Indicators on the medium term and high time frames, the 8hr,12hr,16hr are retesting the zero line on market cipher b with money flow coming to the upside and to add more confluence to the potential we could have some more legs up with the VWAP looking to print the green dot.
I would be cautious with the 45min looking to roll over on the vwap but the money flow is still in the green signifying the term could continue higher.
If the lower time frames give us those bearish divs and bleed into the larger time frames this move could be lack lustered and the trend can continue lower.
We do have liquidity sitting at $71,600 and liquidity is like a magnetic, we also have liquidity at $58,750 but in my opinion we can grab $71,600 first being the most amount of liquidity sitting their approximately 1.4Billion dollars.
The Order book is giving me confluence that this move can continue higher due to high leverage liquidations are occurring on this 4hr candle at $66,800.
That's all I got if anything come up like always al keep you all updated.
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