price broke below a swing low and pulledback on the 4hrly respecting the 38.2 with a star pattern followed by an engfulfing , zooming down to lower timeframe we see the break of structure with the retest (tripletop) bearish engulfing 15m entry signal
Price broke below support with huge selling power creating lower lows and lower highs on the 4hr , daily needs to pullback and so does 4hrly , this could be a 4hr pullback or break structure on the 4hrly and create the pullback for the daily ,
bitcoin broke a high on the daily and pulled back , this could be a continuation of the uptrend or s possible pullback to create a right shoulder and continue shorts in confluence with the weekly bearish engulfing , fib shows 61.8 being respected with a possible double bottom and morning star patter on the 4hr
after a long uptrend on the daily looks like were finally getting a pullback for the weekly. price retested after the break of structure but was creating structure as it was going to retest so looking for a retest of our retest which would be another pullback. price been resisting the 38.2 which was also the break of structure on the trending retest. does look...
price retested the break of structure from the countertrend with the 38.2 and we shot up back to the 60s , retest was trending so we need a retest for our retest which would be a higher low hence the sell to buy up on the higherlow
15 min bearish engulfing gave possible entry at resistance , structure still showing uptrend so well have to wait for confirmation on a lower high to possibly give us the head and shoulder formation to take the sell to a prz , from the prz looking to close and enter a buy
