Most of the continued correction models for BTC on every exchange have been difficult to produce trading scenarios. It's been quiet obvious that the market makers have been selling with difficulty since the ATH. Simply viewing the volume indicators with the consolidation levels now reveals where they've been having difficulty in Selling. We need to remember that for every Sell their's a Buy. The revisiting of each of these levels will tell the Professional Trader that price is likely to revisit the levels where the volume for these 'Sells' didn't achieve the 'Buy' volumes to allow the price to continue down to complete their program. Smart traders remain in cash and will stay on the sidelines until the Z is achieved in this WXYXZ Double Correction.
BTCUSD Good Boy! BTC seems to be following directions.
The_Expat
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April 3rd Update:
Time is something we don't project in TA with relationships to charting...we're charting Price. With Time given the projections are playing out well to expectations.
The_Expat
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Short is coming in. Algos will clear those zones.
The_Expat
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Here's a SHORT update...
Normal algo targets for those retail trader stops suggests pullback up top to steal those stop losses from the weekend. Here's what this would look like now, Monday for the currency market open nearing in Aussieland.
The_Expat
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New SHORT entry setup would look like this for those that didn't get in or took profits on the swing pivot.
The_Expat
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BTCUSD Update: Clearly the volume indicators show that since a degree of traders had transacted in this small consolidation zone, price would likely return to complete the sweep of those stops. This is an important concept to understand with Currencies in general. Forex and Crypto use the same algos and the OLD EW (Elliott Wave) isn't effective anymore. Learn the NEW and CORRECT methods for understanding price movements, patterns, structures, algorithms, and transaction grid. Contact me for information to join or trading group.
The_Expat
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Here we can see where the algos are doing business.
The_Expat
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The Pro Trader will understand that NEWS will be forthcoming that will push price down. Typically in WallStreet fashion their will be fear associated with the final process in the cycle to a bottom. Market makers will not want buyers at their desired levels. We'll expect a consolidation sideways movement at or near the bottom level where 90% of the previous crypto buyers will have been eliminated and will refuse to buy into crypt-currencies. Unfortunately this is exactly the plan for the Market Makers. You can contact me if you're interested in joining our currency trading group. Cheers!