It's tough to say this is the case however I'm starting to make an argument for this picture. We are seeing a notable decrease in volume at the highs. We had violation of structure that formed this leg up which into itself isn't conformation that we are seeing a possible distribution structure just yet. I need to see one more break of structure in these highs to...
Looking to break this down in the most simple view I could put together. I am looking for some confirmations before getting overly bullish. I'm looking to go long but there really is no rush, I believe this will unfold into something that gives a high degree of confidence it's not a bull trap, or just reveal that it is a bull trap. If key levels are re-tested as...
This is to make sure I am planning for both sides of the market. However, this is not compelling at this time, it's missing a key sign of weakness that the markets looking to go lower.
Micro distribution idea, where we start to see some signs the market is looking to pull back a touch. My TP for the pullback is 43-36
This is an example of what reaccumulation can look like before moves to the upside
An idea that this is a wyckoff reaccumulation schematic for BTC along with key levels that validate or invalidate the schematic.