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Technical analysis by PlanZ_Crypto about Symbol BTC on 4/17/2024

https://sahmeto.com/message/3362062
PlanZ_Crypto
PlanZ_Crypto
Rank: 11949

BTC MTF PA and key supports

Neutral
Price at Publish Time:
$61,066.83
،Technical،PlanZ_Crypto

as we can see in the MTF, there was a change of character indicating a MTF reversal into key levels indicated. these levels were found using the weekly FVG. upon retest, i believe we can see a rally into new ATHs. this dip also did a good job at "Flushing" all the paper hands and completely obliterated open interest (OI). it is also important to mention that BTC is now trading at a spot premium, which is a very good indicator to monitor local bottoms. therefore, i believe we have or very close to bottoming. Credits to @MoneyTaur_ on X

Source Message: TradingView
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