CrediBULL Crypto|Oct 17, 2026 21:33
The upcoming weekly close on BTC is relatively irrelevant for me.
Here is what I am actually focused on, on higher TF's:
Again, on LTF I am looking for a move up to take all the untapped liquidity above us (as per my chart here: https://x.com/CredibleCrypto/status/2111539073412460782?s=20) however even if this LTF move plays out it does not change the fact that we are still pushing up against a massive, HTF supply zone and without impulsive PA there is a high likelihood of rejection once again as we form what is essentially a HTF consolidation range (orange) before the next impulsive leg to the upside.
Meanwhile we have a massive liquidity void beneath us, and with the origin of our HTF impulse in the low 60k's, dipping into this liquidity void would not break significant HTF market structure and/or affect the HTF bull thesis in the slightest- it would again just be a deviation below our potential consolidation range in orange before the next impulsive leg up actually begins.
As always, we actively monitor LTF PA for potential changes to the expected path, but for now and based on everything I am seeing at this time, this is the most logical/likely HTF scenario imo.
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