Here is another developed curve (basing) that could be taking place on btc. We see a strong consolidation form (month long) prior to marked low and the 89,028.64 low could be the start of our backside of the curve. Look for rejection near 102,735 high as we develop from theere 89,028 needs to hold for a parabolic move. We are traders place ticker in a template and...
I clearly missed my entry point but I am posting this idea for visualization. I am seeing this curve or basing possibly coming into fruition. Key point was the flooring being created across the weeks/months near the 610 - 600 range but also the pivot or peak formation between 700 - 710 range giving indication of a possible backside of the distribution curve the...
Currently this is a good probability of price developing. Seems as if we are in a distribution curve before the decline with a possible push below 85,000 towards the 80,000 range. Price could easily just breakdown lower with no pullback higher into the range (nearest red box) since we have already consolidated. As always I care not where price goes I am a trader...
Seem the curve has developed more than enough to see that there is a good chance we drive lower. A lot of coil/ consolidation prior but that is what gives birth to explosion.
Not financial advise
Don't anticipate... participate!!
I post this as alternative because I care not to be an analyst but a trader which means that I am looking for price to develop in the most probable fashion to increase my odds. If the setup is there I could careless what side of the market it is on. I would rather make money than be right simple… so I seat on my hands until a point of undeniable perception of...
Seems as if BTC is setting up a distribution curve based on the 1D manipulating//wick away from an imbalance candle so dissecting on the 15MIN and 5MIN we see our setup forming with a high probability for a break down. This is not financial advice and the name of the game if high favor probability the trade good be wrong and completely flip.
