WiseAnalyze

SPX bounced from March'21 open (3812) which act as strong SR zone. Next is 2021 Year open at ~3764 (even stronger SR). These two levels make this area very good one for consolidation and relief bounce. Another factor - chart completed 3-4 impulse waves which usually is enough for either consolidation of correction. But this is all in theory. At that moment I don't see any confirmation that downtrend is over. Want to see SPX price to grow above 3985 and find acceptance there for beginning.

Bullish OB failed. Now bearish OB in play My previous high timeframe review explaining Bullish OB situation below. Last week closed below bullish OB 31780-34260 zone which means that we should expect BTC to drop lower 24 / 20 / 14k . Before that final collapse happen we may expect (or hope) for re-test of newly formed bearish OB at 29300-35400 range. As you can see its a pretty wide range and BTC price can grow up to the middle of it before going further down. This chart is for 2H as I'd like you to see a good trendline which is still at bullish re-test. If bounce we will witness re-test of bearish OB sooner. Maybe even this week. And this is Dollar Index chart. DXY been growing without any stops for 6 weeks. Its not a record, but the longer it grows the higher chances for correction. That gives a hope for crypto to recover before dumping lower. Higher timeframe targets for DXY are 106.5 (Dec'02) / 109.77 (Sep'02) / 111.9 (June'02).

BTC at week OB zone Bitcoin touched Week bullish Order Block zone at 31780-34260. As I wrote before current dump can potentially take it down to 28k. Critical level - week close above 31.8k - and that is not only for this week but all the following weeks until the bounce happens (if it ever will happen above that level). If any week candle close below - next will be 17-20k. P.S. At this moment I do not see any activity from the bulls and greater dump scenario is very much possible. 🟥 35250 - 37000 - 37630 🟩 34300 - 32900 - 31600 😱 F&G: 18 <= 23 <= 22 <= 27 💩 Alts: 5% < 5% < 5% < 4% One more thing to remember - CME closed at 36065. If on Monday open BTC price will be anywhere below that value we may expect pump back in order to close that gap before next collapse. And just a reminder about my macro view on Bitcoin . BTC drop to ~25k ain't something impossible or too far to ignore on month timeframe. But if cycles work same way they did before, Bitcoin will be above 100k in 2024 and probably much higher in 2025 😎Comment: CME gap formed.Comment:

Daily BTC review Monday range 38052-39167. Almost 3%. None of yesterday's review scenarios triggered and therefore they stay valid for upcoming days. If BTC breakout we should witness bullish impulse targeting liquidation of stops above last swing high at ~40377 - therefore it can pump up to 40600-40800 zone with extreme bullish wicks to 41300. On the other hand if impulse get violently rejected at ~39450 it can end up with bull trap and drop back. Violation of Monday range in one way or another likely to trigger continuation in that direction. 🟥 39450 - 40800 - 42300 🟩 38052 - 37630 - 37155 AO/AC:🔻🔼 / 🔼🔻 😱 F&G: 27<= 28 <= 22 <= 20 💩 Alts: 5% < 6% < 6% < 8%