What are we waiting for ? - BTCUSDT ANALYSIS - H1
Updated
We are in the area targeted in the past analysis, we have a nice reaction on the spot, we have strong volumes, augmentation of the volatility, the stop hunt have been effectued, the spring is going on.
So what are we waiting for ?
The structure of the pattern is clear : we have exhaust selling volumes, buying pressure on the spot, confluence of levels. So we wait for buying volumes ! Like the past few days, on each support, I said to wait for buying volumes, if we don't find it we will go back lower to try to find some.
Unlike the past support I think we will find some in this area, because of the pattern, because of the goal of the stop hunt and the spring. We eliminated retails and made the place for institutionnals. It's time to see if there is conviction in it. If it's the case follow the trend, else, wait for other setups.
Also, I did the past analysis in 4 hour timeframe, if I decided to explain this one on the 1 hour, it's because of the configuration of the spring. Typically the reversal pattern is a V-Turn /Short U-Turn and evoluate in a mix of panic and precipitation. We play with emotions of investors, it's move strongly and fast, so we have a better view of what's happening on a shorter timeframe.
PS : Apologize for my english, I do my best. Don't forget to like, follow or comment if you like, it give me some strength to continue !
So what are we waiting for ?
The structure of the pattern is clear : we have exhaust selling volumes, buying pressure on the spot, confluence of levels. So we wait for buying volumes ! Like the past few days, on each support, I said to wait for buying volumes, if we don't find it we will go back lower to try to find some.
Unlike the past support I think we will find some in this area, because of the pattern, because of the goal of the stop hunt and the spring. We eliminated retails and made the place for institutionnals. It's time to see if there is conviction in it. If it's the case follow the trend, else, wait for other setups.
Also, I did the past analysis in 4 hour timeframe, if I decided to explain this one on the 1 hour, it's because of the configuration of the spring. Typically the reversal pattern is a V-Turn /Short U-Turn and evoluate in a mix of panic and precipitation. We play with emotions of investors, it's move strongly and fast, so we have a better view of what's happening on a shorter timeframe.
PS : Apologize for my english, I do my best. Don't forget to like, follow or comment if you like, it give me some strength to continue !
Note
Nothing to do anymore on the 1 hour timeframe, it's lateralizing. Step back to the 4 hour timeframe to wait buying volumes.Answer will probably be in the US session.
Note
Always waiting for buying volumes on 4 hour timeframe, like we can see on the following picture. We see always the selling volumes, buying pressure, just waiting what we didn't had the past few days.
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