The_Clown_of_Smyrna

btc intraday for the coming days

Long
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
im going to be keeping an eye on channels that develop within fib pivot points (saves me the work and i trust the numbers more), as well as utilizing short timezone (hourly or so) segments of volume profile.

looking into alternatives / possibly investing some time in learning how to trade order workflow (cannot remember the name of this overlay)


the large short entry/stop is there just as a reminder for me if there is a breakdown on smaller timeframes; of what to be aware of.

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Comment:



this and the btc daily showing 3 candles as highlighted in the comments there - al of interest.
Comment:
i have liked this usage of volume data so far, will continue to use it and seek other tools to assist.
Order cancelled:
cancelled in terms of missing the entry while i was sleeping.

seems that someone loaded up shorts in the last impulse move down, so we could potentially see a further breakdown to fish out maximum pain on wycoff phase C spring backtest; or this is the final backtest - i see both outcomes as valid accumulation for the pattern to continue unfolding; however i see levels of sub 26k as losing the ability to retain the wycoff accumulation. I'd hate to see sub 20k levels and have the colossal head and shoulders become reality on the chart: that would put us at 10k ranges at best in that scenario.
Comment:
on another note: one of the main reasons i suspected this breakdown was a shakeout after getting the first consecutive 3 daily candles in the green... they lacked volume; and this short play on squeezing longs helped as a catalyst.
Comment:
it is interesting how we had the above bearish candles on the daily, and yet a bullish harmonic structure eventually showed up to kickstart a rally for the weekly candle close.

the timing of these events is bullish momentum disguised and hidden for now.

alts fly sooner than we think.

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