All macro fundamentals aside lol btcusd may have found bottom of the two week range.
The width of volume profile POCs have been documenting the high low of bitcoin's range, while the volume profile, voids! (vpv) are providing reversal levels on most time frames, most of the abrupt reversal levels coming in at ltf ema confluence, we see the high (auto rally) after...
Two and a half days left on the weekly, if bulls step up and the current volume spread rises above last week’s close, btc will climb to 30k and range before its next move.
If volume remains low on the close, price will fall below support and the current bear flag will play out.
Last week, price floated up and closed above resistance, becoming support, on low...
btc potentially in the supply trend of a new range
watch for the high volume break to the down side followed by a high volume bullish reaction, the POCs should act as re accumulation levels
I’m going long at the break below range on high volume
spring has sprung!!
in my humble opinion, the recent news that price will drop is fud, whales want investors to believe
they can catch btc at better prices, we had mention of 100k when price was approaching 64k, everybody was stoked,
staking and interest paying dex' was the new hodl, then... price dropped 50% with everybody/alot of retail money
locked up in hodl...
potentially further down side here, based on volume spread analysis VSA
With the concept of buying low and selling high, especially at S/R, we have to think smart money is buying in larger percentages at the lows and selling in larger percentages at the highs, cause that's smart...right? if volume is the footprint of smart money, then we should be able to see...
c&h pattern has never been on my watch but it fits with my bullish sentiment right now, 15 minute time frame here looking forward to watching how this plays out.
Freddy Ray Brown III
not trading advice
pattern test run only
my TA is my opinion, based on my study of wyck, vsa and price action, and definitely not trading advice. please dyor
so the range that btc is in right now appears to be accumulation, because 1. we're coming off a huge drop and 2. all or most of the big volume is in the lows, of this current range, looking back, B looks to be at identical re accumulation...
when taking lower ground eu is painting a pattern of testing resistance prior to a high volume drop, if you missed your short entry take a look, even if you're already short you might have a chance to add to it or tp and get back in haha anyway i'm curious to see if she pays out like i think she will.
keep your eyes peeled everybody
"smart money" has been exiting all year, a test to the recent high is going to be a crucial one, sm will make a historical move at that point. if we don't see huge volume here in the coming weeks and october volume closes lower than september's volume, btc is going down.
good luck to all
high volume selling last week suggest au is going down, same with eu, im looking for dxy to surge on uncertainty surrounding T 's health.
ill post a zoomed in chart with the high volume selling i mentioned in comments.
safe trading everybody
hmmm check it out... maybe an algo here, all these peaks are are 104 days apart, regardless of trend direction, I'm plotting this chart as an experiment to see if gen boosts at that same interval, if so gen will boost and peak in roughly 2weeks haha algo detected :)
wyck distribution schematic 1
I was thinking Friday to go long at the open but then I drew this up, the ar may have been fomoed boosting a little higher than schematic and phase b is somewhat distorted but overall eu is following Richard Wyckoff's distribution concept.
Forex open is always iffy and slow moving so im just watching close for now.