Possible scenario for BTC , before we brake ATH , I think we will retest trade line and Elon Musk volume candle. After retest this area I will be looking for long term Poisson.
Just found good spot for short position, don't think will go too far but to the volume should come back( green box)
My last analysis go in to consolidation after Elon Musk UP gigant candle so I just I decided to give yo Locally perspective for BTC movement, we brake the structure and brake the lokal trend line , price react perfectly on BC candle 2 times and , looks like finally changing to up trend , coming to words another candle.
Nice area for lon position,Price brake the structure and react in demand zone.
Possible long position, massive volume when price react .
Posible short position bc, volumen and 71-78 fib.
I'm expecting not to long position to area in reg box , we are between two volumes and when price reach test box possible continuation of sell.
Btc in good area for sell . BC AND 71-78 SWING FIB
Very likely BTC will have the up trend, there is lots of buy orders in this area, 127 % of retracement, bc and break of structure.
Very likely BTC will have sell in the area of red box. We have 127% red retracement correction, 71-78 swing fib, and break the structure. the area where price possible can go and react is 161% of black correction.
My idea for BTC. We have three places where I expect the price to react, so far we have 127% of the green correction and for the golden correction we have reactions, advantages on long if it breaks it is possible for price to come down to places that I marked with a green box, We still have imbalance IPA on the way, and the volumen, possibly they will want to...
potential short position but price got to break the structure, comeback and then possible short.
Possible buy position, retracement area and volume.
possible buy position, 161 retracement fib. 71-78 swing fib. and BC.
Imbalance and bc possible short position,
Posible sell position, the price reach two trade line crossing each other.And coming to Bc.