Market price has spoken. The break below 91K suggest we are in a ditribution phase, this seems not to be another re-acumulation. If this bearish hypothesis is true, I would expect the price to reach lower ( 65 - 73K area) in accordance with macro Fibonacci levels. Once BTC will reach those, we will see the sentiment for a possibility of a bounce back to 100sK...
Change of Characteristics RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame Fibonacci Level - 200.0% Completed " 12345 " Impulsive Waves
Bullish Consolidation Continues Near ATH Zone Gold is maintaining stability above the key pivot zone at $2,935, indicating a potential breakout scenario. The price is currently consolidating within a narrow range, awaiting confirmation of the next move. 🔹 Bullish Scenario: A 4H close above $2,946 will strengthen the bullish case, with upside targets at $2,954 and...
Sell: 94547.0 Stop loss :95027.0 ✅ Overview: ➡️ BTCUSDT.P is forming a downtrend after testing the resistance zone. ➡️ Volume Profile suggests that the main liquidity (POC) is positioned above the current price ($96,258.3), indicating volume distribution in favor of sellers. ➡️ A break below $94,830.7 will confirm buyer weakness and open the potential for further...
BTC could possibly be a painting a Re-accumulation schematic 1 pattern .It would certainly cause the moist pain both ways .
An inverse head & shoulders, with a falling wedge, all great ways to induce buyers into the market once the new week opens. Buyers would consider an immediate drop on the week Bullish. When the weekly opens, it may in fact drop momentarily to 94k to create this pattern and start going back up. This would liquidate weekly open high leverage bears and encourage...
Simple Trading: Distribution Phase First, we can see that gold has started to consolidate. Once we see this, we look back at previous candles to identify the patterns in this phase: (1) preliminary resistance (2) the last buy (3) a retest to confirm support (4) confirm resistance without making a higher high. (5) Higher high (typically a FAKEOUT) We are waiting...