COINBASE:BTCUSD It is always important to understand what would negate your current trading plan or scenario you see playing out. I previously posted a potential Wickoff dstribution pattern which is linked to this post signalling a Bitcoin dump incoming however of course there are no guarantees when trading. This post gives an alternative possibility.
BYBIT:BTCUSD Giving an update to my previous charts ( which can be found here ) where we were looking for a lower high after the initial spike of the UTAD. With the lower high confirmed it was followed by a 2nd lower high which would've been ideal of an entry however the next best place is a bounce from support which is $6710. The chart here gives an example...
COINBASE:BTCUSD When looking at Bitcoin on the hourly time frame it seems we have continued to develop a Wyckoff Distribution Schematic with the recent pump, a possible UTAD test, being the start of the final phase before a drop. If we were going to play this scenario we would scale in a shorts at $6850-$6990 with a retest or wait for the next bounce for a...
Seems like there is potential for there to be an inverse head and shoulder parttern to form on the BTC.D chart with the neckline at the 67.94% mark. What could this mean if so? Seeing an increase in Bitcoin dominance could mean two potential things: 1. Bitcoin breaks out beating the rest of the altcoin market I see this as unlikely as given the current macro...