BTC - Ranges overview (update) 
2024-11-23

Some nice pa for BTC in the past days and weeks so let's see how we play from here. 

As noted in our last trade idea as long as we held the inverted FVG (yellow box) we could expect an aggressive run towards the buyside liquidity and new all time highs. As expect we got the move and we are now approaching the psychological 100K level. 

IF we hold the 97K sellside expect us to keep on trading higher towards the 100K -110K range.
IF we fail to hold 97K expect us to aggressively trade back towards the 95K - 90K range. 

We are currently in price discovery territory so no need to front run the market. If this is your first cycle in BTC or crypto don't FOMO and make sure to take some profits along the way (either in your portfolios and/or throughout your trades). 

Friendly reminder as well guys and girls... don't get fooled by all the 'news' 'predictions' and 'the next shiny coin in the market'. TRADE THE MARKET... LET IT SHOW YOU ITS HAND AND TRADE WITH IT. 

You'll have noticed less posting on my side and that is the result of experience. We are nearing the end of the year and we've made some decent profits throughout the year. So don't hesitate to take a break until January and come back to the charts for the new year. The markets will stay here... but you won't and your portfolio won't if you try and FORCE YOUR WILL ON THE MARKET. 

For those who may have some portfolios be it in stocks or crypto.. now may be a good time to re-assess your portfolio and holdings as we will get the usual liquidity transfer from BTC to ETH...and from ETH to the altcoins. From an overall perspective we are at the beginning of the bull market...so play it accordingly, safely and do not get fooled by unrealized profits...pay yourself along the way and your future self will be grateful. 

Hope you guys have had a great week and are getting ready for a restful weekend. Take care of yourself. 

As always...

Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form. 