Opening

Good morning everyone! Here is Mr. Dome

And today, as usually, we'll going through an update about Bitcoin's moves

As you can see the price has followed what we said in the previous analysis

The price went to eliminate the latent liquidity below this minimum

If we take a look at our buy/sell segments zone in this week

There is no need to change the width of these segments

This because compared to the opening of the previous week

The price moved $350 more or less

In my analysis I don't change the segments width unless we see an higher movement of the price inside the week

You should keep in mind that everything in the spikes

Is what I called the retails move

On the contrary what is inside the body of the candle is the istitutionals move

So, what could happen in the next weeks?

Well, our first attention zone is in the segment that starts at 18000$ and goes to 15000$

What is in your opinion the nearest liquidity zone? I'll give some seconds to think about

The answer is that the nearest liquidity zone is the one highlighted by the relative minimum of June

This because the price needs liquidity to makes its moves

As you can see with the liquidity taken from these minimums

There were latent orders as this candle testifies

So the question is, when will we have the next big reaction?

In this case we will have an uptrend reaction only when

There will be a closing over the close of the last resistence candle

Or in other terms a closing over a supply zone

At the moment the downtrend strenght is keeped by the closing of this move

That has led to take the liquidity here

So until we will have a closing daily above this zone

Over this relative closing to be precise, we'll not have a bullish reaction

In my plan regarding my long term positions in the crypto market I'm not referring to the daily dynamics of the market

But I consider only the weekly dinamics

So, why we still not see an important reaction of the price?

Because we're still having a strong bearish pressure

Of course, someone could say that the bearish pressure is crystal clear on the chart

But the istitutionals in order to take position in the market,

Beyond the report I won't show you because there are no difference compared to the last week,

As long as the weekly close will be under this zone

So until it's under 21800$

We'll not have any bearish reaction and the bearish pressure will keep going

So in order to see a change in the dominance between sellers and buyers

We need a great amount of liquidity, and my attention zone where to sell my Bitcoins

It's always the same and doesn't change

And also this level that we're using in our videos

It's in a momentary drawdown but it's also near to our attention's levels

So until there is a great movement I will not buy or sell until we reach these zones

This month of September (until now) is considered as a laterality month

Of course, there have been some moves, but they have only served to collecting liquidity

This move for example has collect liquidity in this gap of liquidity spot

And also has been collected liquidity here and here because the retail traders keep using this levels as support

From the chat of Crypto Dome I was asked what an important liquidity level could be?

Let's take a look for a moment at the yearly chart, we might notice an important thing

As you can see there is a liquidity gap followed this change of dominance

This liquidity gap ends near to 14000$

Could his means that at 14000$ we will have a strong reaction? Not necessarily, however we have to fill the liquidity gap

How long will it take? Days, weeks, months? No one can nows and we should not be worried

We have only to keep in mind that to go into that zone the price has to collect more liquidity

Because to complete a downtrend we need more bearish pressur that need pending orders

So it's right that the price will build this pattern over times

Indeed I only care about my monthly purchase zone that is between 15000$ and 10750$

Which is the zone where I have set my alerts

So until this will not happen it's worthless to trying foresee where the price will go

You'll only consider that a potential point of reaction is near to 14000$ more or less

Because there are also more intermediate levels

So what could take the price to lose other 5000$?

For example could be an important economic news like the CPI we had last week

That has strengthened the dollar due to the inflation

Indeed after the dollar gained strength Bitcoin has weakened

So, in it will probably be another important news that will move the price down

Like a Russian-Ukraine update or another news related to the dollar in the next weeks

But as you can see until now there weren't any relevant moves considering the Bitcoin's standard

As I said September would be a month with volatility

Indeed the price has gone up and now collecting liquidity

And the range of movement of the price is close to 5000$, that is the average move that I am going to estimate

As you can see also in these past months the range of the price move was near to 6000$

Indeed my segmented zones consider this average movement of 6000$

The price has been making these movements of max $6000 for 3 months now

But there are less less move as this one of 15000$

I hope that we'll get this situation in order to buy and sell at its best

Even if this moves don't always happen consider that this is a long term strategy

So if you buy or sell following this logic, you'll can look at the chart the less possible

For example all the traders that create analysis based on every little moves of the price

They understood nothing because all the liquidity peaks are a consequence of pending orders only

In conclusion, for this week my attentions goes to

The elimination of these minimums that are near liquidity orders

At the moment we don't have the strenght for a strong reaction

Even if there is a little hint in these zones

However when will we have a week or a close beyond the reaction point

That in this case is the opening of this reaction point

If we'll have more days that close below this will be invalidated

So, in regards of Bicoin beyond traditional markets

It's not a good idea to have an intraday operativity because it has no interest on the part of the institutions

In this moment the attentions goes to the stock markets and also to the currency market

In particular the EUR/USD pair that has reach the 1:1 ratio some weeks ago

So the attentions of institutionals is here because there are greater economic interests

As you can see due to the holiday period and macroeconomic issues

Bitcoin has been partially poorly considered

So even if there were some movement about 6000/7000$

Maybe for someone a move from 18000$ to 25000$ can seem a huge move

But is only the average movement of Bitcoin actually

Indeed our squares of attention are set to the edges

In order to take advantage of the volatility in case of a buy or in case of a sell

I know I may be repetitive in these last weeks but I don't move the markets

I only show you what are the next liquidity levels and also the economic events

Like the SEC or the FED events

It cannot be done otherwise, we're waiting better times

So in this upcoming week just keep an eye to these liquidity levels

And due to the unchanges of our attention's segments

Let's hope a buy in this zone following this logic in order to see how profitable is this method

Have a nice day you all!