Bitcoin / TetherUSShort
Classic BTMM weekly cycle?
The classic forex-like behaviour of BTC this week seems to continue playing out.
Sunday/Monday: stop hunt rise and drop
Monday: false move week beginning, a drop lower
Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt
Early Wednesday: midweek reversal, top of the pattern
Mid Thursday: second leg of the M
Thursday/Friday: completion of the M, drop into level 1
Early Friday: continuation to the downside, level 2 and level 3 to be confirmed
Should this play out, it also fits within a Wyckoff accumulation pattern on the daily, with the Secondary Test (the Monday stop hunt) being broken and a new low printed before a rise to test the high of the Automatic Reaction level at 40k-41k.
Scary stuff.
Sunday/Monday: stop hunt rise and drop
Monday: false move week beginning, a drop lower
Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt
Early Wednesday: midweek reversal, top of the pattern
Mid Thursday: second leg of the M
Thursday/Friday: completion of the M, drop into level 1
Early Friday: continuation to the downside, level 2 and level 3 to be confirmed
Should this play out, it also fits within a Wyckoff accumulation pattern on the daily, with the Secondary Test (the Monday stop hunt) being broken and a new low printed before a rise to test the high of the Automatic Reaction level at 40k-41k.
Scary stuff.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.