Djawad_Afsharirad

BTC: MAY 22, One needs to know where to do business. TL,DR: 1) Possible liquidity zones are specified with a cross mark. 2) I think we are in no man's land and even LTFs do not offer a clear direction. 3) We are range bound in LTFs (4H) 4) Entries for possible scenarios are the genesis point of the arrows.

As usual, the chart is self-evident. Wish you luck.

With all due respect, chart is simple and telling enough. DYOR. Good luck!

TLDR: . EMA 9 is lost and momentum is weakening. . Reclaim EMA9, the golden pocket just above, and the daily level (23078.71) and Range High will most probably be next. . Any wicks into the 3D zone (21185 - 21815) will fill the inefficiency, and if followed with strength ( Volume + Structure) will be a good bid. . Local support is tired. . I expect a higher low to be printed between 21500 - 21800

I guess the chart is clear enough. No explanation needed.

I am leaning towards the red scenario, but I am ready to jump in if the green comes to pass.

This is a possible range BTC is moving in. To move up, BTC might need to grab some liquidity down below. Price is showing some signs of exhaustion e.g. the stoch RSI in the daily timeframe . The three-tap pattern at the top makes it all the more legit. This is the possibility I am leaning towards. Good luck.

TLDR: . A possible hidden bear divergence at critical resistance. . CPI release might drive the price all the way up to the golden pocket above. . Reclaim the range low with consolidation after breaking above the diagnol, and then range low will be a decent bid. . Close the current candle below the golden pocket down below (white) and new lows are likely. . Hands-off for now and waiting for this candle close to determine the possibilities ahead.

Doge is at heavy resistance Considering the confluence of resistance at these levels, shorting seems to offer a great R/R. 1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min. 2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket. Red: of weekly significance Blue: of daily significance

BTC: THE CRUNCH TIME As we can see, BTC has been in a rising channel , and I find this channel valid for the main reason that the floor of the channel has produced serious price action for three times over the past year. Plus, the mid-line of the channel has witnessed significant price action, which makes the channel all the more valid. During the past weeks, BTC has seen stormy price action which has left many traders, even experienced traders, either on the sidelines or disappointed. Those crazy wicks, which could easily translate into deviations in lower timeframes, have trapped many, including me. Therefore, I have decided to give it a rest until the dust settles. However, some facts cannot be denied on the chart. The volume has leveled off at low levels in the weekly timeframe . Clusters of resistance, EMA50, the red trendline, and the 39K - 43K region, have proved insurmountable; in other words, price is showing a lot of weakness. Price hasn't had any respect for the clusters of support all the way down, including the 52K and 42K levels. To show strength on the market, liquidity is essential, and it is in short supply for BTC at the moment. This consolidation that is more tangible in lower timeframes holds the maximum pain for day-traders. One thing is quite clear: major liquidity is lying below 32K and 46K . Considering the signs of weakness price has been showing, I think it is highly likely that it dips to the 28K - 32K area. Is plunging lower possible? Of course! However, I give it a 50/50 chance. The price behavior around 28K - 32K can reveal more about the possibilities ahead. If you find the idea of value, I would appreciate your support. Please share!