hancock on Nostr: DEAR NOSTR, I JUST DID SOME TECHNICAL ANALYSIS ON $BTC AND HERE'S WHAT I GOT. - THE ...
DEAR NOSTR,
I JUST DID SOME TECHNICAL ANALYSIS ON $BTC AND HERE'S WHAT I GOT.
- THE ENTIRE MONTH OF DECEMBER WE HAVE BEEN IN A CONSOLIDATION PROFILE. IT LOOKS LIKE BITCOIN IS GEARING UP FOR A MAJOR MOVE. MARKETS LIKE TO CONSOLIDATE MOST OF THE TIMES. IF A MARKET ISN'T CONSOLIDATING, THEN IT IS EITHER EXPANDING, RETRACING or COMPLETELY REVERSING. THESE ARE THE 4 STAGES OF THE DELIVERY IN PRICE ACTION HISTORICALLY.
- I AM EXPECTING BITCOIN TO BREAK OUT OF THIS CONSOLIDATION PHASE AND RETRACE DOWN TO A MONTHLY IMBALANCE WHICH BEGINS AT THE PRICE LEVEL OF 91,950.39 AND EXTENDS to 73,565.61
- THERE IS A SMALLER DAILY IMBALANCE RESTING AT THE PRICE LEVEL OF 85,194.70 to 81,468.34
- AT THESE EXACT LEVELS, I WILL BE LOOKING FOR $BTC TO THE GO INTO AN EXPANSION PHASE TARGETING BRAND NEW ALL TIME HIGHS (meaning 85k-81k should be a great specific price level to LOAD SATS) (bookmark this post)
- DEPENDING ON HOW THE PRICE REACTS TO THESE SPECIFIC LEVELS, I WILL HAVE A BETTER IDEA OF WHETER PRICE WANTS TO GO LOWER TOWARDS 73,565.61 (the monthly imbalance low) OR NOT!
- IN THE EVENT THAT WE DO NOT RETRACE DOWN TO THIS MONTHLY IMBALANCE (91k - 73k) AND WE REACH FOR NEW ALL TIME HIGHS FIRST, I WILL HAVE TO RE-EVALUATE MY TECHNICAL ANALYSIS & LOOK FOR SIGNATURES IN THE PRICE ACTION TO GIVE ME MORE CLUES ON WHERE IT'S HEADED FROM THERE.
- I AM BUYING SATS EVERY SINGLE DAY IN THE MEANTIME REGARDLESS, THIS IS JUST ME DOING SOME TECHNICAL ANALYSIS ON THE GREATEST FINANCIAL INSTRUMENT EVER CREATED.
jack mallers (npub1cn4…3vle) YOU SAVED ME LOL I HOPE THIS BRINGS YOU SOME VALUE. & OF COURSE SHOUT OUT TO ODELL (npub1qny…95gx) & THE ENTIRE NOSTR COMMUNITY
YOU'RE ALL ABSOLUTE LEGENDS FOR ME AND MY FAMILY.
BEST!
HANCOCK.
I JUST DID SOME TECHNICAL ANALYSIS ON $BTC AND HERE'S WHAT I GOT.
- THE ENTIRE MONTH OF DECEMBER WE HAVE BEEN IN A CONSOLIDATION PROFILE. IT LOOKS LIKE BITCOIN IS GEARING UP FOR A MAJOR MOVE. MARKETS LIKE TO CONSOLIDATE MOST OF THE TIMES. IF A MARKET ISN'T CONSOLIDATING, THEN IT IS EITHER EXPANDING, RETRACING or COMPLETELY REVERSING. THESE ARE THE 4 STAGES OF THE DELIVERY IN PRICE ACTION HISTORICALLY.
- I AM EXPECTING BITCOIN TO BREAK OUT OF THIS CONSOLIDATION PHASE AND RETRACE DOWN TO A MONTHLY IMBALANCE WHICH BEGINS AT THE PRICE LEVEL OF 91,950.39 AND EXTENDS to 73,565.61
- THERE IS A SMALLER DAILY IMBALANCE RESTING AT THE PRICE LEVEL OF 85,194.70 to 81,468.34
- AT THESE EXACT LEVELS, I WILL BE LOOKING FOR $BTC TO THE GO INTO AN EXPANSION PHASE TARGETING BRAND NEW ALL TIME HIGHS (meaning 85k-81k should be a great specific price level to LOAD SATS) (bookmark this post)
- DEPENDING ON HOW THE PRICE REACTS TO THESE SPECIFIC LEVELS, I WILL HAVE A BETTER IDEA OF WHETER PRICE WANTS TO GO LOWER TOWARDS 73,565.61 (the monthly imbalance low) OR NOT!
- IN THE EVENT THAT WE DO NOT RETRACE DOWN TO THIS MONTHLY IMBALANCE (91k - 73k) AND WE REACH FOR NEW ALL TIME HIGHS FIRST, I WILL HAVE TO RE-EVALUATE MY TECHNICAL ANALYSIS & LOOK FOR SIGNATURES IN THE PRICE ACTION TO GIVE ME MORE CLUES ON WHERE IT'S HEADED FROM THERE.
- I AM BUYING SATS EVERY SINGLE DAY IN THE MEANTIME REGARDLESS, THIS IS JUST ME DOING SOME TECHNICAL ANALYSIS ON THE GREATEST FINANCIAL INSTRUMENT EVER CREATED.
jack mallers (npub1cn4…3vle) YOU SAVED ME LOL I HOPE THIS BRINGS YOU SOME VALUE. & OF COURSE SHOUT OUT TO ODELL (npub1qny…95gx) & THE ENTIRE NOSTR COMMUNITY
YOU'RE ALL ABSOLUTE LEGENDS FOR ME AND MY FAMILY.
BEST!
HANCOCK.