BTC wait for pullback , not worth buying above 90k ...
2024-12-27
Category: None

1. after previous high of 69000, we seen sharp down side from there btc recovered and formed a pattern 

2. cup and handle or rounding bottom, after current breakout i found some interesting key points 

after a impulse move the short term target is calculated based on the handle and which was approx 50 % on the other hand the current breakout already has scored 55% from this neck line breakout 

3. volume and fair price - if we consider 4nov weekly candle as breakout candle from that low to recent high, i projected the FIXED VOLUME PROFILE and found that 84280 and 82350 and second 79000 and 77350 can be the support zone or fvg or mean reversion zone which is also getting another confirmation with my 50dema 

in this scenario going back to basic if we have a sharp up side we cant expect the price to go vertically and market being dynamic 11-15% correction can be healthy pullback and good price to accumulate btc 