Bitcoin Opens Door to Higher Values . . . . . Money Flow Will Determine Success or Not

Possibly the most optimistic setup in several weeks which by no means ensures success . . . . . . Money Flow still needs to win, place, and show

This Is Not Investment Advice

Potential to Establish Higher Low Locally and Avoid Another Lower High is In Play . . . . . . Let’s See How Money Flow and Accumulation/Distribution Pan Out

First - let’s take a look at exactly where the Weekly chart stands as of the time of publication here:

Let’s dig into the Daily:

On the Daily above, we go from Orange to Blue with a Higher Low and a Higher High locally - this is a distinct change from the last couple months.

Here’s the 4HR:

Not exactly a tsunami of Money Flow and Volume but nonetheless a lot of Green bars bigger than the Red ones recently.

Liquidation Heat Map - Two Week Time Frame

Observations:

  • Money Flow is Green on the Daily and with at least a bit of thrust upwards so far

  • On the Weekly there is this general, sort of “bull market trendline” it seems to be respecting with recent action making that look not so bad

  • Major change setting a new Higher Low and a Higher High locally

  • $118.3Kish, $119-$120K, $120.6Kish are there but more importantly being able to flip these into support after they reject you initially at least once

  • Will the Money Flow show up even more and with more aggression?

  • Current scenario the most plausible bullish scenario to present in several weeks, better potential setup than prior to the head fake ATH

  • Also entirely plausible it reverses hard from any of the levels mentioned