In fact, I'm already holding a short position with a bit of a minus,
but I'm counting on a long trade,
I don't like jumping in and jumping in and out of trades five times a month.
Overall I agree with this idea (thx Trader_CD )
is probably a huge Wyckoff accumulation going on and in 2023
we should not expect a significant move out of this range.
I rarely watch the 1 hour chart, but here
it seems possible to dive into his analysis.
1. We have very tough resistance at $1841 level.
2. Price has fallen off diagonal and tested it from the bottom.
3. Volume flow divergence.
The nearest target could be 1589, but I have little interest in that.
I am interested in the $600-400 range as a long term target this year.
Pay attention to BTC D.
Wyckoff accumulation is probably already fully formed there,
and the only thing left is to break the ceiling.
We must admit that this move will be exhausting and tiring.
Races on bear market happen quickly, pullbacks take months, affecting nerves.
This time there will be no exception.
but I'm counting on a long trade,
I don't like jumping in and jumping in and out of trades five times a month.
Overall I agree with this idea (thx Trader_CD )
is probably a huge Wyckoff accumulation going on and in 2023
we should not expect a significant move out of this range.
I rarely watch the 1 hour chart, but here
it seems possible to dive into his analysis.
1. We have very tough resistance at $1841 level.
2. Price has fallen off diagonal and tested it from the bottom.
3. Volume flow divergence.
The nearest target could be 1589, but I have little interest in that.
I am interested in the $600-400 range as a long term target this year.
Pay attention to BTC D.
Wyckoff accumulation is probably already fully formed there,
and the only thing left is to break the ceiling.
We must admit that this move will be exhausting and tiring.
Races on bear market happen quickly, pullbacks take months, affecting nerves.
This time there will be no exception.
Note
Yes, these are clever leaps designed to confuse the destination definitively. That's why they are knocked out of trend from time to time. But there is simply a more complex pattern of supports and resistances.
Note
This is very curious. That is, parallel to trend line, as if there were a fan of such mini-channels and the price touches first the bottom of channel, then the top, then breaks through it down.
Note
It's been a long time since I've seen such a hard-fought battle between the bulls and the bears. It doesn't feel like a quick fight in short rounds, but a protracted war. When absolutely everyone is tired and everyone is stubborn.Note
Apparently the descent will be so tedious in many ways.Note
So I'll have to wait for the 2000 area.
The volume divergence is very powerful.
Note
same sign on the 2D chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.