Daily - Up 4H - Correction (Down) Higher chance to be supported on D pitchfork Around 61.8% Fib Level on D timeframe Around 4H demand zone
M - Down Channel W - Down Channel D - Down Channel 4H - Resistance Line + at Fib 50% + near Supply zone Short with 0.5-1% risk
- Down on Daily timeframe - Around 4H supply zone - Around Fib 61.8% Risk is 0.5%
Weekly: Up channel but rejected on the top Daily: Supported at D key zone 4H: Break below 4H key zone Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price: 1. Retrace back to at least 50% fibonacci level (Premium Discount) 2. 4H key zone will act as resistance this time 3. Around 4H key zone, there is a supply level
SpotCrude is being supported on Weekly and Daily time frames. Break above 4H trend line. This might be the first sign More better confirmation will be when we break above 4H key resistant zone. But be cautious since the overall trend is down
No indicators, just pure market structure with support and resistance.
I think no explanation is needed since almost 99% of BTC holders are in profit currently.