Crypto-Monarch
Short

BTCUSD - waiting for the local short

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
So, to begin with, I will say that I began to study cluster analysis, began to devote more time to volumes, since in a pair these two tools will allow you to more clearly see the market situation at a given time.
Let's look at some points that will clarify the situation a little.

🔻Price Action: The buyer turned out to be more active than I predicted, so in order to resume selling the price had to go above $ 10,900 and do a test of $ 11,000. However, in the medium term, purchases still do not suit us. I can say this with confidence. Overall expectation about the short hasn't changed
🔻VSA: Main liquidity at 9800, it needs to be taken
🔻Market Profile: The bears were able to keep the POC (point of control) at 11000 and are already below the current volumes distribution, which means short priority
🔻Clusters: In the area of 11k we saw protection. The surge in volume and inefficiency of purchases is a signal of a long-term short
🔻Delta: Control gradually passes to the seller. An important purchase array also passed

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Comments

A bearish rising wedge on H4 timeframe is look a perfect. Whole that you say is important in case of bears scenario.
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Thanks for sharing )
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GoodPotential
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Good idea
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Nice work
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Crypto-Monarch BakiShirzadi
@BakiShirzadi, Thank you my friend!
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