this is my view current on bitcoin. new bitcoiners are panicking but lets keep this to TA
there's some wyckoff model style moves happening happening right now (please reference my other chart, i dont have time to draw it in detail here.)
the left you see a pretty solid minimum measured H&S target being hit. right you see a daily over block wick.
there's some wyckoff model style moves happening happening right now (please reference my other chart, i dont have time to draw it in detail here.)
the left you see a pretty solid minimum measured H&S target being hit. right you see a daily over block wick.
Comment:
bounced where expected. nice reject candle on the daily close. 1hr looks very close to an inverted h&s
Comment:
in isolation , this could a test of the low established from the original push down, which still fits wychoff model style throw backs..
But tbh even if it does work - ide wait a few days. apparently there is old/new china news re: investigating china based exchange and unlike normal markets bitcoin gets a second dump on the same news.
But tbh even if it does work - ide wait a few days. apparently there is old/new china news re: investigating china based exchange and unlike normal markets bitcoin gets a second dump on the same news.
Comment:
find support above the daily ob. a close above 830 would spoit the bear flag everyone keeps whining about.
Comment:
daily ob at 830 held .. likely to try for that 925 ob again unless pboc says something dumb.
Comment:
this is still working. stopped at the 927/937 order block.. pretty heavy resistance to break through there to continue higher.. but upside does look pretty ok so far.
Comment:
i actually missed an orde block at 951-961 due to drawin git quickly current market action shows that it banged right off it.
Comment:
so ... these levels worked out perfectly for the ranges they were in. for this play i bought and sold as we hit them.. i dont have anything great above 1100 though, too low time frame .. mainly fibs