As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows (breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
Trade active:
So far it looks like it is the "do" scenario.
