I believe the current price action can be modelled in a low volume general downtrend channel (blue). LTF S&R (green box) there is a low-risk R:R position which can be opened within 50 dollars at the volume gap before buy orders were filled (from the latest pump). Traditionally BTC has an opportunity to reverse descending trends when volume is low and retested. So...
I found that the outlook of the current market (and the support and resistance levels) well match an upwards channel. According to Exo-charts the majority of buy volume sat around 42700 within the intersection of these ranges. There is an order-block in the 4 hour timeframe which has a good R:R ratio. I would like to place a long at 42700 as charted by the...
Using linear regression analysis and volume profilling, the current climb is well within expectation. The current climb matches the ascending wedge I posted in my last idea. This is just the same projection but easier to visualise. The bearish scenario is we fall out of the ascending wedge and fall downstream into the macro descending triangle, in which case...
The current price action would be modelled well into an ascending wedge. If you think 60K is too good to be true, it probably is. I'm looking for something more neutral which allows volume to be filled at 28K
