Price in VAL zone below POC of $25.4, and especially below the 80% mark. High volatility area for buyers. Price expected to rise.
In addition, it's in a descending wedge, which is a special pattern indicating that price will rise upon breakout.
Breakout not confirmed, but indicating.
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It touched the top but didn't break out! Watch out. short term bearish, but not for long.
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Second bottom hit. Price rise bullish temporarily
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Pattern fail due to BTC fail
Order cancelled
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I will update here once the price action rises
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I'm going to break down this picture. These are the S&R levels from Monthly all the way to Daily. They are important because I am showing you harmony and divergence in the move. This means that bull high volume candles are increase, there is a bull trend, marked in the picture. The bearish trend are low volume candles, so that's why there is an impulsive correction today. It just needs break the next higher resistance at 25.84 to go straight to 27.42. TLDR: Harmony bull ride up for a bit. There is low interested in driving in down wards. Next pics will discuss how its wiping out liquidity
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The previous week's low was completely taken over and it rose above, indicating a strong push above the lows. It's forming a nasty morning star candle though, so as long as the volume is low, the trend is still going higher.
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Continuing from the previous picture, this picture shows the same daily candles but now with liquidity lines. This is where most people will be lined up to buy/sell. For our case, this is where most people are selling. This is supported by the VA POC. The volume of today's candle cannot lose its steam, and especially not the one tomorrow. If it is a low volume candle, then we will see imminent crash to $24, but REMEMBER THIS IS STILL IN AN UPTREND. Do not back or get squeezed out on your SL.
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Forgot to attach picture in the above comment ^
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Order blocks support previous idea of high volume in the current price region of ~25.3. There is a mean rejection block above us, so price will stop here. We just don't wanna go below 24.7 atm. Will keep updating
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I'm also seeing a nice inverse head and shoulders. Let's see if it helps.
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S&R lines telling us that support is holding. The main S&R lines are the previous week's low (L O W) and the monthly S&R
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liquidty tells us where it wants to be near. where most ppl are. its indicating a higher move. Look at the bullish candles, they are higher volume relative to bearish ones. Long term trend is still up
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Nothing interesting, just stack between two liquidity zones, the weekly liquidity and previos week's resistance acting as the ceiling, and the very strong daily liquidity along with the support formed at the low of previous week's level are the bottom for this mini accumulation zone.
Give it a few days like 2-4 days for a big move to develop. Volume is is low with narrow candles, that means volatility is about to increase soon
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A bit zoomed in we can that price does not want to be below 25 according to the VP on the right. Additionally, there is a bullish flag forming on the 4hr, so things are looking promising, let's see what happens in a few days. Volume tells us everything