The classic forex-like behaviour of BTC this week seems to continue playing out.
Sunday/Monday: stop hunt rise and drop
Monday: false move week beginning, a drop lower
Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt
Early Wednesday: midweek reversal, top of the pattern
Mid Thursday: second leg of the M
Thursday/Friday: completion of the M, drop into level 1
Early Friday: continuation to the downside, level 2 and level 3 to be confirmed
Should this play out, it also fits within a Wyckoff accumulation pattern on the daily, with the Secondary Test (the Monday stop hunt) being broken and a new low printed before a rise to test the high of the Automatic Reaction level at 40k-41k.
Scary stuff.
Sunday/Monday: stop hunt rise and drop
Monday: false move week beginning, a drop lower
Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt
Early Wednesday: midweek reversal, top of the pattern
Mid Thursday: second leg of the M
Thursday/Friday: completion of the M, drop into level 1
Early Friday: continuation to the downside, level 2 and level 3 to be confirmed
Should this play out, it also fits within a Wyckoff accumulation pattern on the daily, with the Secondary Test (the Monday stop hunt) being broken and a new low printed before a rise to test the high of the Automatic Reaction level at 40k-41k.
Scary stuff.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.