or s1 to copy the chart
Ever since Nov21 the tide has turned and the trend maintains its bearish momentum printing LH-LL across all TFs.
After the 1st impulse to 33k , price was hovering around the 39k Macro OB for 3 months which lead to further expansion toward the 30k support level which was short lived and followed by a sharp drop to yet another key level – the 2017 high. This again proves that level to level play is the way to go for a swing ( Meso ) trader.
Price is currently hovering around the Dec17 high for the past 3 months with no reals sign of life for the past month (which reminds me of the 2 month period during Sep-Nov18 before price broke 6k and went to 3k – the similarities are uncanny).
- The 1st impulse within this range consisted of sharp moves forming a rising wedge / leading diagonal that is usually destined to be followed by a deep correction
And then after reaching $18,700 the fuckery begins – this is a type of market formations that you simple avoid trading within
- That is mostly created by order block imbalances
I would like to point out the utterly amazing confluence that we have around 10k
- Correction channel; golden fib zone (from 3k to 69k); other fib extensions
Ever since Nov21 the tide has turned and the trend maintains its bearish momentum printing LH-LL across all TFs.
After the 1st impulse to 33k , price was hovering around the 39k Macro OB for 3 months which lead to further expansion toward the 30k support level which was short lived and followed by a sharp drop to yet another key level – the 2017 high. This again proves that level to level play is the way to go for a swing ( Meso ) trader.
Price is currently hovering around the Dec17 high for the past 3 months with no reals sign of life for the past month (which reminds me of the 2 month period during Sep-Nov18 before price broke 6k and went to 3k – the similarities are uncanny).
- The 1st impulse within this range consisted of sharp moves forming a rising wedge / leading diagonal that is usually destined to be followed by a deep correction
And then after reaching $18,700 the fuckery begins – this is a type of market formations that you simple avoid trading within
- That is mostly created by order block imbalances
I would like to point out the utterly amazing confluence that we have around 10k
- Correction channel; golden fib zone (from 3k to 69k); other fib extensions