After the SoW, there is the big correction probability; testing the levels 34k - 36k.
Keep an eye on the trading zone for a probably re-test at the spring event of the Wyckoff schematic. If the re-test happens, we can go to LT and look for a long entry. T1: the superior extreme of the range T2: depends of the price action behavior. If it play out of the superior range we could look for another long entry. If the price re-enters in the range we...
HT context: bearish to the target 0.83$ LT context: It needs to mitigate a daily supply zone before dropping again, in H1 we can see an accumulation schematic almost formed. ENTRY 1: We can wait for a spring to clean up all the liquidity below the creek and then we can go long till the superior extreme of the range. ENTRY 2: Wait for a retest after the JAC.
Wyckoff structure re-accumulation on daily chart. Probably we can go LONG at the LPS after the BUEC. Go to in a lower TF to observe if there is a minor re-accumulation in development.
s you can see on my supply & demand analysis, I'm fully bearish (unfortunately) on btc , specially right now with recession, inflation , international conflicts and high unemployment rates. This bullish movement is only a retracement to an daily supply zone for then dropping again below the 28k.
As I said on the chart, is a patient game. This analysis has been made on H4 time frame.
Possible double bottom on ETHUSDT. Could be a good chance to recover after the crash. Keep on eye on it! Use always oscillator to determine the momentum. Good Trade!
Wait for the breakout. If there is one, wait for a retest at the neckline. Wait for confirmation with: RSI above 50, volume above the 10SMA, and a big green candle. Go long till next resistance.
1. Wait for the breakout 2. Wait for confirmation conditions: a) big green candle b) volume above 10sma lenght c) RSI bullish divergence (optional) 3. Go long till next resistance level on 1H
1. Wait to break the neckline of the DB 2. Wait for retesting, get confirmation with RSI 3. Wait for a candlestick bullish engulfing pattern (if happen) or for a big fat bullish candle 4. TP to next resistence 5. SL Below the DB