Looking at BTC on the daily
Nice M top come in defining a top
Failed the .382 fib, will we visit the 50%? On the 4h BTC is heavily oversold so we could potentially see a bounce
Looking for a retrace in the reload zone
Double distribution with 2 POC's
Big notch in VPVR around 5000 (VPVR like to be filled in)
Bulls dropping in volume
OBV breaks bearishly
Histogram making LL ( Would like to see more structure but for now we can see price continue to make its way lower)
Willy not stupid yet on the daily chart but on the 4h its very oversold and stupid.
What I'm essentially looking for is a retrace down into the green zone. Ill look for market structure to define if this is a healthy retrace and a potential bottom in order for me to go long.
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Nice M top come in defining a top
Failed the .382 fib, will we visit the 50%? On the 4h BTC is heavily oversold so we could potentially see a bounce
Looking for a retrace in the reload zone
Double distribution with 2 POC's
Big notch in VPVR around 5000 (VPVR like to be filled in)
Bulls dropping in volume
OBV breaks bearishly
Histogram making LL ( Would like to see more structure but for now we can see price continue to make its way lower)
Willy not stupid yet on the daily chart but on the 4h its very oversold and stupid.
What I'm essentially looking for is a retrace down into the green zone. Ill look for market structure to define if this is a healthy retrace and a potential bottom in order for me to go long.
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)