Looking for continued downside after running the recent consolidation highs.
Looking for a lower timeframe sweep into the imbalance during rejection, also H4 supply zone.
Looks like nice little wyckoff accumulation. I only noticed this because I've been looking at the same pattern on ETP/USD. (chart posted couple days ago) that pair is a bit further a long so almost serves as a blue print now. Of course depends how Bitcoin reacts now but I think bitcoin is about to fail on a new test of 7400ish and come down 6600 again. Nice...
This chart has a lot going on, hard to keep this short but seems to me its in clear accumulation. Wyckoff phases seem to fit nicely but regardless its in a range with decent volume after with some clearly defined levels. The range is nice and wide too, a re-test of the top side is 40% away. So I'm hoping we get stuck in this range for at least a...
Short until X, aiming for a 200 EMA dynamic support bounce, trend line SR flip, RSI divergence.. all lining up. But what matters most, is Bitcoin NVT signal + 1 day RSI divergence. Buy the X bounce
Rising wedge, declining volume, bearish divergence RSI Small correction in need before continuing on way to test all time highs Break to the upside of the wedge/return of bull volume would invalidate For now aiming for touch of top of the wedge at least once then find support in dotted white line channel