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$BTC
📊 New Day, New Data
We're currently in the 3rd phase of the monthly cycle, and this is what I'm expecting 👇
Price:
I’m expecting a slight rejection in that area, and from there I’m watching two key POIs for the next move:
1️⃣ Asia demand POI, which is slightly above the daily low.
2️⃣ Previous week low, which is where most of the liquidity is resting.
Either way, I'm expecting bullish continuation throughout the week
➡️ Bias: bullish
Time (daily):
⚠️ 37% chance to take out the daily low
❌ 98% chance to take out the high, if the low holds
➡️ Bias: neutral
⚠️ 87% of weekly lows form after the current low
⚠️ 86% of daily lows form after the current low
Distance (daily):
✅ 16% chance to take out the daily low
❌ 78% chance for more displacement
➡️ Bias: bullish
Plan:
As said, we're currently in the 3rd, and last phase of the monthly cycle. We also know that there is an 80%+ chance to take out the current monthly high.
We also know that the 90% monthly confidence target lays at around 124.000, which we did not even reach yet.
Everything combined, I'm expecting higher prices for this week till the end of the month.
The question is, where do we form the weekly bottom?