😃Yes, it happened, we tested the middle of the daily imbalance.
❓What's next❓
🔼Still, at the moment we can expect a move towards a break, as the following bullish factors indicate this:
🟢SPRING formation in Wyckoff reaccumulation
🟢We are now in fairly strong support, in the form of a daily imbalance and a 4h block order
🟢On the daily TF, you can notice the end of the 4th wave of correction
🟢In the side view we see manipulation of loyi, which also indicates an upward move from the current ones, and liquidity in the form of EQH has accumulated there
⚠️But what if we go lower?
☄️If we go lower, we will stop near the nearest support zone and trade some more there. Your opinion?
1️⃣ We have established ourselves above the downward trend and are now testing it😌
2️⃣ At 4 hours we had an OB, and in this same OB, at 2 hours a BPR was formed, namely an unfilled bearish and bullish imbalance in the same zone, which represents strong support 💪
🟠We went according to the orange scenario, you can see it in the previous review.
👀Let's figure out what's next:
⚪️ On bitcoin, we tested the 8 -hour order of the block and formed a saboteur at 4 hours. I expect local growth to trend, then a further descent to the day of daytime imbalance. If we follow this scenario, we will form a bullish pattern - the Dragon.
Now let's look at the graph from Wyckoff's point of view 👀
‼️The schedule is very similar to reaccumulation We saw the manipulation of SOW (b)
We have 3 options here:
🔵The first option is to bounce off the support (4h OB) and go shoot EQH, that is, forming a deviation from above (UA), and then without SPRING, just continue the upward movement
🟢Second option - Go to remove EQH from the current ones, forming UA, and then return to the range and go to form SPRING, thereby filling the daily imbalance, before the final takeoff.
🟠Third option - From the current ones, go to update the loy by forming SPRING, filling the daily imbalance, and after that go to conquer the overhaul
🟢We expected a local rebound from support - we got it. Yesterday positive news came out, that’s why we received such a reaction, the news was included in the schedule🤌😌
❓But what's next?
From the point of view of SM and TA we have 2 options:👀
🟢At 4 hours we formed a pretty good OB, which serves as support, we can go to test its middle, and then go shoot EQH.
🔴Or we can make another break, this will test the daily imbalance and then go higher.
️For the first scenario to happen, we need to gain a foothold at least first above the first resistance zone.
⚪️Bitochek spilled quite well yesterday, and #BTC . D went up at this time, which had a very bad effect on alts; we saw alts fall by 10-15%. Let's figure out what happens next 👀
Let's look at the factors for long and short:
📉Factors for shorting:
🔴At 4 hours Bitcoin shows us a pattern - “Double Top”
🔴More locally we can see the left shoulder and head of the “GiP” pattern. On top we left a 4h imbalance, which will soon time let's go test forming the same "Right Shoulder"
🔴#bitcoin can see local support, which we have held, if it consolidates below - a strong factor for the Short
🔴In addition to all this, below there is a daily imbalance that serves as a magnet.
📈Factors for long:
🟢At 4 hours you can see the bullish pennant pattern, which we tested with yesterday's drain
🟢As you can see at 1 hour the ascending structure has not yet been broken, this means the buyer is still a priority
🟢At 2h TF you can notice the Wyckoff-Reaccumulation scheme, which serves as a factor for the long
👉 Bitcoin again rejected from the resistance and we see Performance of Bitcoin strong regarding the Alts coins and $ETH
👉 Now for Adding New positions we have to act patience here with the Closure of H4 candle above the line we will again Bullish and Once we break the 73K$ it would be going to be amazing.
👉 MM wants to just flush the Late Longs and Free Hands in this market. Remember The Giga Pump will come in no time and no one got chance to enter and that's called the Real Pump then fomo starts at Top.
👉 The Positive thing I see in this Flush Dump is Our 2 positions limit order got filled, and slightly Up.
👉 In such situations, getting some Stops are OK . While we can't control these moves, we can control our attitude and protect our investments. 💪📈
Was Busy Yesterday much so I'll try to cover my Quality in Upcoming Days 🎭
📈 Elliott waves are noticeable, we are now in wave 5, it is expected to touch the upper limit and then descend to the daily imbalance in order to collect the liquidity that has accumulated during all this upward movement 🔥
‼️IMPORTANT‼️
Locally, a decrease is expected to cover the 4-hour imbalance