Jack_hoang

BTC analysis for average term (h4)

Short
BITSTAMP:BTCUSD   Bitcoin
1. Structure D1 is corrective in an uptrend.
Observing the momentum of d1 shows that the mass is large. A wide spread shows that there is real supply. H4 is a correction in an uptrend and the price has broken violating the ema 89 zone with a wide spread, this is a not good for price because there is real supply in the area, this is not a fake effort. There are signs small effort but big results and in the next few candles. According to the absorption force, the price stops falling and the price increases recover significantly at this important key level. In the candle's subsequent growth, effort equals results like nothing happened. This area will be very difficult evaluated because of the strong price reaction. But I do not appreciate this growth momentum because btc has a h4 candle with a large arc. This could be an AR in wyckoff and the price continues to adjust to the switch state from increasing to decreasing. The first wave always the hardest to determine. If this h4 is closed with a spinning top candlestick and low volume then this is a suspicious sign for a continuation next adjustment period. Current scenario follows. I'm 50-50 and there's no advantage for either side because price behavior is very choppy. H1 is a correction zone in a downtrend. Spinning top candles appear with low momentum right in this area. There is supply force appearing but it is low and currently, the demand is still showing its ability to absorb receive. With current data, there may be a signal continue the short-term downtrend. M15 then shows an uptrend and is at the support zone now turns into short-term resistance. A series of candles Spinning tops are appearing indicating low demand, very adjustable. There are hanging man candles with large volume at M15 right at the peak and next a series of spinning top+ low volume.
2. As desired 1
3. News: options contracts have more expansion. Futures contracts show that many people know about market and there is cash flow pushing in. In this scenario:
Why don't crowd buy it when it decreases, but wait for it when it increases?
Just attend now, who is the advantage in this, What is it for newcomers? This could be newspaper signaling a major adjustment in the market and those participating in the current area is huge liquidity for MM at the current stage at plus positive news about the market.
With the current movements of the market, it is clear before the end of this month there will be a big adjustment.
4. With positive news about fed dovish+ CPI+ Options OI+ Futures OI+ETF approval soon will be available. the crowd is very excited.
5. As desired 1
6. Cause was formed in the 37k area with high effort with low result and effect in the 35k region is a proof specific to what's going on.
7. The liquidity zone at 36k7 will be important key level. The liquidation zone is at 37-38k in
W1 and 35k5-36k in D1.
8. The low risk advantage point is 36k7
9. As desired 1
10. For Wyckoff appeared BC+AR+SOW
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