Strength_in_numbers

The yellow boxes represent a liquidity rich zone. BTC is start to break the White uptrend BTC is also failing to break above the 113K level (3 touches suggests that whales are creating liquidity in the market) I think that BTC will drive down aggressively towards the back-end of the week to grab the liquidity @ 106,500 Orange dashed lines are a projected flightpath Fib levels are assumptive of the 106,500 being achieved and not actual. I think that this this will be the final move down for BTC, before moving up for a short squeeze @ 113K and ending the year in a parabolic run.

Observing bullish div. (Double divergence) Huge liquidity Zone 106,400 - 107,100 sat below. Appears that BTC is reacting to the fibs. Currently bouncing off 618 Prediction: I think that BTC is leaving the lower liq zone as a snack for later. Rally into the week +3%. However think we will run into resistance @ 110K which is the weekly high x 3 / low x 1, the 0.5 fib, a liquidity zone and would touch a macro uptrend. Then start to move down to grab said liquidity but ultimately moving down to 786 @ 103K mid-september. Think this will act as a long squeeze for traders expecting new ATHs. Then parabolic rally into late Q4.

Bearish div. on the Weekly RSI in play (triple divergence). Bitcoin appears to react to the 69 on the RSI. Observe p.a. Nov 2021- huge correction to the downside. Also there is a break in the uptrend (which looks out of kilter on the Weekly - but makes sense on the Daily) Where do I think price is going to next? 95K. Ethereum also tested the ATH and got rejected as Well as starting to break an uptrend. XRP and SOL still operating below ATHs. Imo the market looks bearish for the immediate future until proven otherwise. Could see sharp move down moving into September (-11% BTC, ETH to 3K) followed by a rally into year-end.

Bearish div. on the Weekly RSI in play (triple divergence). Bitcoin appears to react to the 69 on the RSI. Observe p.a. Nov 2021 - huge correction to the downside. Also there is a break in the uptrend (which looks out of kilter on the Weekly tf but makes sense on the Daily) Where do I think price is going to next? 95K. Dont ask me where that target came from. Ok it came to me in a dream 😴 Ethereum also tested the ATH and got rejected as well as starting to break an uptrend. XRP and SOL still operating below ATHs. Imo the market looks bearish for the immediate future until proven otherwise. Could see a sharp move down moving into September (-11% BTC, ETH to 3K) followed by a rally into year-end.

Bearish div. on the daily TF Observing an uptrend which has been in play since June. If this is broken a correction could be the next move for Ethereum. We've also recently tested the ATH. History has taught us that once price tests the ATH and move down is usually the next move to occur (e.g. SOL, XRP, BNB etc). A correction to 3K could make sense 📉 (0.618 fib) Else price break back above the ATH which would trigger a parabolic move to the upside. Keep your eye on the trendline 👀

Seeing: A bounce off the downtrend A bounce from the wick on 25th Jul A touch off the .786 Conclusion: If the daily/weekly candle can flip green this would be a bullish setup for Bitcoin. Where next? There is a liquidity zone @ 120K so this would be the next immediate target Next zone up would be 125K

We have broken out of a downtrend however I think BTC might see a bit of a pullback early in the week. Observing a bearish div. And looking at a break inthe RSI uptrend. There is a liquidity Zone between 114.7K - 115.7K which would also coincide with the 618 fib. I think that one lf two paths is likely to play out: 1) a bounce off the 0.5 fib and said downtrend. 2) a bounce off the 618 fib which would bring back underneath the downtrend before eventually moving up again to the 120K region. I think option 2 is more likely as there is liquidity here to grab and would also fake-out the bulls. Both options are expected to happen approximately by Wednesday. Once we get to the 120K zone I think this will send BTC into a parabolic run into end of the Q4.

Here is a summary of what I'm looking at: Price currently struggling to surpass the Weekly low @ 115,650 (Blue line) The green line is acting as resistance, with a brief break-through mid-July. Huge liquidity zone 120-121.5K which will be inevitably grabbed (Yellow box) Liquidity sitting below @ 111K (Yellow box) 0.5 fib currently at @ 110K (which also acted as the Weekly high in Jan 25) A descending channel formation Analysis: I believe that Bitcoin with visit the 110K - 111.5K zone which also coincide with the bottom of the channel, the Weekly high @ 110K and 0.5 fib (ish) and grab what liquidity is currently sat below. Once done, move up to the higher liquidity zone, which would break once again above the Green line which would hopefully flip into support, and send BTC parabolic with a peak Nov-Dec.

Possible breakout on the cards. 64% up vs 12% down = R:R @ 5:1 Higher TP @ $0.115

Bullish divergence on the 15m and 1H chart 📈 Liquidity grabbed 📈 Expecting a small move up = 1.6% Long scalp trade if youre interested