looks like things changed, bull gradually take control, high time frame still bearish until we took out 12000, however, on the low time frame, bull is gradually gainning control on 4h. need to be careful shorting imo. resistance: 11.2k, 11.5k, 12k. playing the low time frame bull side is easier now: only support i care about is 10550. as long as 4h dont close...
btc is in wyckoff distribution, short anything below 5600. NVT is showing we topped, 100% accuracy since 2015. idea short entry would be 5200-5500, target 4200-4400. below is a comparison i made a while ago which i spotted trx wyckoff distribution in the early phase.
the whole slow grin up should be a corrective move, the weekly volume is declining, expect a reject from 4200-4400. Weekly TD is 9 now, which also shows the trend momentum exhaustion in short term. its likely whale will sweep the high, then retailer fomo in, and then it dumps hard.
dent is ready to fly, weekly rsi divergence, falling wedge bullish pattern, target outlined, take profit for each target point, and re-enter for each retest of the support. cuz the wick sucks on altcoins