Thread by @urus1369

Time for another weekend analysis.

This time I want to start with $dxy

As we were expecting, $dxy looks like it finally found support and bounced

Here is the scenario we were looking for:

I still believe it's likely $dxy will rise towards the 107 area

This rise in $dxy would, on average, be correlated with weakness in $spx and $btc

$spx had a bullish week, only to close bearish on Friday b/c of earning reports

ATM, I believe $4,200 is resistance for $spx

$4,100 is support

we may be in for ranging PA next week

As we were expecting, $dji had a ranging week

between 34,364 and 33,792

ATM, until we confirm a break above 34,364 I think it's really like ranging PA will continue

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Here's what $dji looked like on the 1D:

And now... our big daddy $bitc #Bitcoin

Nothing much changed on the daily

Still observing the levels and area we had marked on our charts...

We got rejected right from red zone #1, and now we're ranging

IMHO, I believe $btc is accumulating for another push higher

The scenario I'm looking for is something like this:

$24,400 is the VAH of the volume profile of the entire 2022 bear

I think we touch at least upon $24,400

With a high likelyhood of $24,800 - $25,200

From there we may see a deeper correction

Again, this is just a possiblity

On the 4H, what we were watching for was smth like this:

ATM, $btc #bitcoin seems to following this path rather well

on the 4H, $23,270 held as support

ANY bearish scenario start swith:

4H close below $24,270 confirming loss of support

Otherwise, we're likely going higher

A confirmation of the likelyhood of $btc going higher is

4H Close above $23,610

This is just IMHO, of course, and therefore just a probability to oberserve and analyise

Tomorrow, Sunday, will give us more clarity on the next moves

for $btc, $egld and the #cryptomarket

f you like this king of analysis follow me @urus1369

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Here's what the liquidity heatmap for $btc looks like

On the 1H timeframe:

Zoomed in:

2 times has that sell wall at $25,000 been teased...

and removed from the charts

there are some sell orders above at $23,600

though more serious sells remain at $24,500

and I bet that $25k will 'magically' reappear if price goes higher 🥷🔥

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