Hi all,
After watching BTC moves for some days, here is my view for the next steps. Potentially, BTC would come back to retest the $25300 level.
Before doing this, I expect that BTC will drop a bit more from here for liquidity grab. This means that BTC will deviate from the current blue box, to the down side, the go up to retest the higher ranges.
The scenario that I imagine is an "Accumulation phase" of BTC , ased on Wyckoff method. Certainly, this is just a hypothesis since we need more data to confirm it. An distribution procedure is also possible but I have a preference for "Accumulation" one.
So let's observe and trade step by step: As presented in chart, step 1 is a very good opportunity for Longs. Step 2 is more complex and late for an entry.
What do you think about this scenario?
Cheers!
After watching BTC moves for some days, here is my view for the next steps. Potentially, BTC would come back to retest the $25300 level.
Before doing this, I expect that BTC will drop a bit more from here for liquidity grab. This means that BTC will deviate from the current blue box, to the down side, the go up to retest the higher ranges.
The scenario that I imagine is an "Accumulation phase" of BTC , ased on Wyckoff method. Certainly, this is just a hypothesis since we need more data to confirm it. An distribution procedure is also possible but I have a preference for "Accumulation" one.
So let's observe and trade step by step: As presented in chart, step 1 is a very good opportunity for Longs. Step 2 is more complex and late for an entry.
What do you think about this scenario?
Cheers!
Commentaire:
Commentaire:
AI cryptos are my picks for these longs
Commentaire:
BTC didn't move as expected. I think that BTC show some signs of weakness and may go lower the next days
If this trendline hold (in 4H TF), then it will be a good opportunity for Longs