So far BTC reached a "+" bar just like few days ago, which can be recognized as reversal bar.
코멘트:
A resistance is above and yet untapped. So from this perspective, it's still having chance to go up.
코멘트:
Now there's still one OB up above, and now price is into the FVG. As the price has consolidated down below the FVG, I expect it to fill lower part of the FVG.
Now there's still one OB up above, and now price is into the FVG. As the price has consolidated down below the FVG, I expect it to fill lower part of the FVG.
코멘트:
If we choose the high-volume bar, we can see the bar has rejected the price, and then the price moved back.
코멘트:
If we check the price action down below, it's worth noticing that the price has never grabbed the liquidity , which is very important for the future rise of the price. From this, I can say it would be hard for the market to go up since the price cannot do it without liquidity, or the money.
If we check the price action down below, it's worth noticing that the price has never grabbed the liquidity , which is very important for the future rise of the price. From this, I can say it would be hard for the market to go up since the price cannot do it without liquidity, or the money.
코멘트:
Also, we can say it didn't create a solid consolidation for the price to build position which should be "low enough".
코멘트:
If you check the history on Jan to May, we can see that the trend is up, but it still lacked lq to move up.
코멘트:
Also, from May to Jun, similar pattern happened again.
코멘트:
For the major trend, which is down, and past patterns, I would say it's still not pretty good to buy spot or long here. Right now it's better wait and watch how it gonna play here.
