BTCUSD - Thank You Tradingview! $71,000 Possible This Week?

20 ביולי

Once again, I want to thank the moderators and Admin for choosing my analysis last week to be highlighted as 'Editors Picks'

Very appreciative of that!

There's three points of references this week, on being current daily PD array @$66,229 - $66,758, $69,089 @ $71,979 stretch.

24 ביולי

הערה

$68.474 has the highs created on the monday before we witnessed a retracement back down into the daily PD array @$66,229 - $66,758.

Currently, price is trading inside of last week Wednesday bullish order block @ 66,128 - 65,042 and i would like to see this supported if the long bias to 69,089 is to be high probability.

This PD array is my last line of defence and would like to see a low resistance liquidity run above the upper displacement of the order block

24 ביולי

הערה

24 ביולי

הערה

Red shaded area is last week Wednesday's daily order block mentioned earlier

25 ביולי

עסקה סגורה: הגיע לסטופ

From the start of the week, its been a continuous sell-off into multiple discount arrays.

Now that the daily order block has been negated, i am not looking out for all-time highs just yet. I must take things one step at a time and go back to basics

Back to low hanging fruits and one of them being the daily discount array located @ 63,866 - 64,000 which should be filled in during todays trading session, ideally US AM.

25 ביולי

עסקה סגורה: הגיע לסטופ

WHAT OVERHANG?

There’s been an incredible amount of talk and panic regarding the unlocking and distribution of Mt Gox Bitcoin to claimants.

Though weeks on, it’s clear that users are choosing to HODL over selling

A third of all Mt Gox BTC became available to trade on Kraken yesterday. During this period, the assumption leading up to was that all will be sold. Yet there there was a significant increase in BTC withdrawals from Kraken after affected Mt.Gox users start receiving their BTC

Remember, since then price is stable.

This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets

This was one of the most feared supply overhangs in Bitcoin history, apparently turning out to be no big deal… CRAZYY!

25 ביולי

עסקה סגורה: היעד הושג

$63,866 has been booked!

Wicks cause the damage, candle bodies tell us the story.

Remember the red daily bullish order block?

I want Thursday's candle body to close insider of this region to validate the continued run to $69,089 draw on liquidity

I like howe stops have been swept...
Definitely something to monitor

26 ביולי

עסקה פעילה

The last update was to draw your attention to the daily bullish order block located on the daily timeframe shaded in red.

The idea is, if the daily candle closes inside of the order block, ideally above the mean threshold of the OB, there will be a higher chance for $69,089 to be met.

What i would've LOVED to see is daily sellstops triggered to the downside @ 63,238 (relative equal lows) before a rally back into the orderblock (as we closed yesterdays candle as a bullish hammer)

Target 1 @ $68,474
Target 2 @ $69,089

28 ביולי

עסקה סגורה: היעד הושג

Target 1 @ $68,474 has been met!

28 ביולי

עסקה סגורה: היעד הושג

Target 2 @ $69,089 has been met!