Just some food for thought bitcoin accumulation schematic playing out on the daily and 4hr time frame possible re test of the spring area to see a possible reverse in trend direction
We see here that the distribution schematic is playing out nicely and we have a nice present liquidity sweep hour candle that if and when it's mitigated we can see the execuse for another push up to a previous 15min mitigation play that brings oil back to it our target of inefficient price action which left an imbalance in the market. As added confirmation the...
On the 3HR we have a liquidity sweep candle over imbalance and equal highs looking for a mitigation and then the liquidity sweep looking for moves to the down side to mitigate an insta stall candle and fill gaps we have on the down candle last week. We also so see the overall structure bias is to the downside as we have a bearish structure
The overall structure of the trend is shifting back to the downside and structure played nicely off of the institutional stall candle on the 1HR possible reentry to the downside on the 15min time frame multiple take profit price points overall going for the swing down to take out liquidity
Structure shift on the smaller time frame bias to a bullish environment playing off the mitigation candle accumulation schematic began to form targeting Imperfect Price Action (IPA) and 30 min Institutional Candle for final take profit possible downside continuation off the insta candle
Institutional Trading Possible Sniper entry off of the liquidity sweep candle on the two hour time frame