LupaCapital

BTC weekly imbalance - new longs

Lång
COINBASE:BTCUSD   Bitcoin
Hello Traders and Analysts,

A Note before reading - this is a forecast quick analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.

See previous analysis here:



Master Key for zones
  • Blue = Monthly
  • Purple = weekly
  • Scarlet - Four day
  • Orange = Daily
  • Magenta = 8 Hour
  • Grey = 4hour
  • Pink = 1 hour

Below is an explanation of the imbalance/inefficiency zones based upon the original analysis view.
1. Zone 1:
The daily zone is where price will be looking at a test of the order block based on how the mark flows between imbalances to create the range. The current week has seen a sharp outflow of movement away to keep shorts flowing to keep the imbalance moving towards the zone of $42,000. This redistribution of wealth is the transfer from impatient to patient buyers, liquidity to show bears opportunities to 'shake' Bitcoin wallets out to create a new engineered low.
2. Exactly the same development but making further lows to around $37,000 - $39,000. This zone will be a 'full retrace' upon a daily Fibonacci standpoint, however this is where the imbalance lies.
3. The true imbalance remains at $28,000 . - see BTC VS yields for this information.

Fibonacci rules are still in formation on the weekly chart:

US Treasury volatility - not to be ignored by Crypto:
Using Yields and the Volatility index to provide further evidence.
Be aware of the Yields of the US05 - US20 Year, this can impact the indexes also which will impact the imbalances of Crypto currencies.

BTC vs ETH:
Notice the imbalance pattern?

Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.

If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.

Thanks,
LVPA MMXXI
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.