MrHunterTradeInsight

Wow, Bitcoin beautifully invalidated the correction scenario, as I mentioned it should happen with increased volume, making it one of the most exciting invalidations for the market.The buying momentum in Bitcoin is so strong that it doesn't need any liquidity provision. Now that it has broken the upward triangle, the first classic target is 104,000, followed by 110,000.

The previous analysis was fielded even though there were many reasons to be rejected from this area... even the open interest had reached its highest level and we were expecting a long squeeze, but the market is either going up or down and there is no other option. As we get closer to the American elections, we should expect other unreasonable behaviors from the market, although we are not the ones who define logic for the market, our logic may work sometimes and sometimes not, we can only adapt ourselves to the market conditions. let's giveAccording to the current conditions, we see that the breaking of the ceiling of 69,000 has not been done with a large volume, which shows the weakness of the trend, but we can expect the continuation of the movement until the historical ceiling until the date of the election and being rejected downwards to provide liquidity and start the main upward movement. to haveHowever, for the time being, we should monitor the price behavior and in case of weakness in the pullback correction to 69000, we should look for long scalps, because all the previous ceilings will become liquid according to the order flow to bring the price to the previous historical ceiling of 73880.

According to bitcoin reaching the weekly key level and rejection with high volume in 4 hours and being in the extreme range, we can expect the rejection from the midline and the unmitigated 4-hour candle to take the bottom of the range.

Beautifully, from the level I expected, the price was rejected and formed the bottom of the descending range, although the reaction was so fast that it did not reach the entry point of my long stop, which of course did not give a good R/R in case of direct entry, and by the way, the same liquidity that is from itself Leaving it gives a reason to be caught and go down faster... Considering the liquidity of the liquidity trend line that is formed below the 4-hour premium range, when the price reaches the range of 68,000, which is the closest daily level in the premium range area. It is set for 4 hours and I am waiting for a short setup after receiving confirmation in the lower time frame, and if it crosses the 69,000 level, it is the last area that can be entered directly even if an indusment is formed.

In the daily time frame, as we expected in the weekly analysis, we see the formation of a reversal candle with the appropriate volume to change the upward to downward trend, and also the level of 66600, which was the last level for daily support which we say 3candle formation , has been engulfed and the price has penetrated into it, which indicates the passage. Supporting it in the next encounter is clearly visible in the 4-hour timeframeIn the 4-hour time frame, we have a change of charector and a downward range has been formed, which in the 1-hour time frame, by leaving the ascending wedge pattern, this range is placed below the 4-hour block breaker and the daily key level, which can be confirmed in the lower time frame. Enter the short trade if it is shown in the 15 minute time frame

Since we are still in the bullish ranges in the daily and 4-hour time frames and the price is fluctuating within an ascending triangle, witness the formation of an ascending range in 15 minutes and the formation of liquidity in the form of equal low above the unmitigated level of the one-hour POI. We are in this situation that as indicated in the chart, the price created a smart money trap with the formation of a QM-type inducement, which created a reason to take this liquidity and continue the upward movement, which due to the closure of the markets today and tomorrow, we expect to maintain this Support and upward movement of the price.

As mentioned in the weekly analysis, 68,200 was a strong return range for the sellers who also rejected the price, but as long as we do not have a structural change at least in the 4-hour time frame, we can have long intraday trades in the ascending ranges, if confirmation is issued.

According to the breakout that happened and retracing and reaching a valid POI and creating a long setup

With a lot of momentum in the stock, the next target can be 0.62... Don't forget to save profit and risk free.

As it is known, the resistance from which the price has been rejected three times has a lot of liquidity, and with the failure of this resistance, we can expect the price to grow up to 5.5 dollars.