It's up trend and pullback to upward channel, thus it's decent long opportunity.
We can see accumulation wyckoff schematic, after breakout it makes good long opportunity.
There is daily down trend. the daily key level break, It's completing redistribution wyckoff schematic. after break the SOW line we expect start the short position.
As you can see, this channel is Reaccumulation wyckoff schematic with spring, for enter this position we must wait for the last pivot breakout.
There is strong daily key level that broken down and new down trend made, it can cause to short position
As you can see, There is consolidation area in daily and weekly timeframes and chart arrived the strong daily resistance key level, according H4 time frame market structure made lower high and reverse. Thus we can expect this is decent short position.
There is strong daily key level and chart is making redistribution wyckoff schematic, this reason make us short assignment.
There is strong up trend and chart brouk the important daily resistance level that it became support level.
The only reason for this short position in confluence consolidation area and daily resistance level.
There is weekly strong key level that chart didn't Break it and retrace to down levels, thus we can see very clear wyckoff distribution schematic which approve retrace movement.
We can see obvious re-accumulation area in bitcoin chart, there is very decent spring point in phase c of wyckoff schematic, this spring point confirms by test action and this will cause to start the very sweet point of entry and enjoy of the very bull change of character, thus lets start....:))
We can see obvious re-distribution area in bitcoin chart, there is very decent spring point in phase c of wyckoff schematic, this spring point confirms by test action and this will cause to start the very sweet point of entry and enjoy of the very bull change of character, thus lets start....:))
Downtrend exhausted and it caused the price couldn't commit under demand zone and sellers diminution conclude the new reversal movement.
There is an up trend in daily and H4 time frames and also nice demand zone.
There is short time trend line, head and shoulder pattern and 61.8% Fibonacci retracement level, this confluences are enough that we wait for enter sell position.
According to Wyckoff schematic distribution, the UTAD is completed and retest is occurred, hence this can be good short opportunity.
According Wyckoff distribution schematic, UTAD in Phase C completed, and test is happen, thus it's going to down rise, and it's decent short opportunity.
The distribution area is formatting and It seems UTAD is complete, then it shows decent short position