Tweezer top may form by the end of the week BTC/USD
With a diamond on the 4-hour of Indecision, it's a pivotal moment for the intra-day moves.
I offer a bearish Idea. What if we form a tweezer top on the weekly close? This involves the previous candle on the weekly.
If you look up what qualifies as a tweezer top and what they do, first of all, they are a reversal candle stick pattern. There are a couple of variants that match up with what we have going on right now. The best-case scenario is that we close the weekly at 48k and have the craziest Tweezer top the market has ever sent us. Now that's what is ideal but it does not have to be the same perfect size as the previous body of the candle with 1 exception the top wicks are currently matching (with a difference of a small percent just by eying it I have not measured it.) Not to mention we are at resistance on the weekly. We also have 2 wicks currently that are pretty much aligned, it's not super long but.. I think if we can close lower? Like under 50.4k-ish, We can seal the deal as a tweezer top for a better-quality candle stick pattern.
With this, I also re-introduce the A13 of my TD Sequential my most prized signal. It is my signal of increased volatility incoming. This was insane to see early in the week and I knew something was up. Now for a bearish scenario, you see the weekly volume wells we have been forming? That same velocity in distribution can also be a supply zone for shorts to the downside on a massive scale. Because of this.. This could send us to 43.8k in no time. Again these zones are like space, no gravity any direction is up for grabs. If you look at the previous structure as a horizontal range, we totally could pull it off and this would be the perfect mix.
I doubt we will see an engulfing candle if we do end up going down on the weekly but this would be a fair candle stick and signal-driven possibility to make some serious shorting happen.
I offer a bearish Idea. What if we form a tweezer top on the weekly close? This involves the previous candle on the weekly.
If you look up what qualifies as a tweezer top and what they do, first of all, they are a reversal candle stick pattern. There are a couple of variants that match up with what we have going on right now. The best-case scenario is that we close the weekly at 48k and have the craziest Tweezer top the market has ever sent us. Now that's what is ideal but it does not have to be the same perfect size as the previous body of the candle with 1 exception the top wicks are currently matching (with a difference of a small percent just by eying it I have not measured it.) Not to mention we are at resistance on the weekly. We also have 2 wicks currently that are pretty much aligned, it's not super long but.. I think if we can close lower? Like under 50.4k-ish, We can seal the deal as a tweezer top for a better-quality candle stick pattern.
With this, I also re-introduce the A13 of my TD Sequential my most prized signal. It is my signal of increased volatility incoming. This was insane to see early in the week and I knew something was up. Now for a bearish scenario, you see the weekly volume wells we have been forming? That same velocity in distribution can also be a supply zone for shorts to the downside on a massive scale. Because of this.. This could send us to 43.8k in no time. Again these zones are like space, no gravity any direction is up for grabs. If you look at the previous structure as a horizontal range, we totally could pull it off and this would be the perfect mix.
I doubt we will see an engulfing candle if we do end up going down on the weekly but this would be a fair candle stick and signal-driven possibility to make some serious shorting happen.
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