BTC/USD: Several Scenarios
BTCUSD: Daily Chart
- Price currently ranging from 8.7k - 10k
- Price consolidating inside Darvis Box
- Several Scenarios at play
Bearish Scenario:
Change in Market Structure ie. LL + LH's
Requires a break and hold under 8.7k
Looking for further bearish candles ie. bearish engulfing, etc..
Price under Centre Bollinger Band w/ 2x rejections
Further confirmation on re-test of Darvis Box
A breakdown of 8.7k would likely lead to a large sell-off
Bullish Scenario:
Price bounce off 8.7k w/ volume and bullish candlesticks ie. Morning Star, Engulfing, Harami etc..
Possible Bullish Rectangle pattern on Weekly
Falling Wedge forming on 4H TF. A break up of wedge would likely lead to price hitting top of Darvis Box (small TF trade)
Confirmed break of Major Downtrend would likely lead to FOMO buy-in
- Price currently ranging from 8.7k - 10k
- Price consolidating inside Darvis Box
- Several Scenarios at play
Bearish Scenario:
Change in Market Structure ie. LL + LH's
Requires a break and hold under 8.7k
Looking for further bearish candles ie. bearish engulfing, etc..
Price under Centre Bollinger Band w/ 2x rejections
Further confirmation on re-test of Darvis Box
A breakdown of 8.7k would likely lead to a large sell-off
Bullish Scenario:
Price bounce off 8.7k w/ volume and bullish candlesticks ie. Morning Star, Engulfing, Harami etc..
Possible Bullish Rectangle pattern on Weekly
Falling Wedge forming on 4H TF. A break up of wedge would likely lead to price hitting top of Darvis Box (small TF trade)
Confirmed break of Major Downtrend would likely lead to FOMO buy-in
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