#W P1.5
Since I invited you to short the peak and drew up a plan to wait for confirmation, there have already been a lot of entries. And this plan has finished running. So I will stop this plan and continue to observe, guys.
It may not help much, but at least it helps those who want FOMO and want to go all in to stop and observe for a moment.
Look through the review again.
*W+M frame:
- I reminded you to be careful with the cluster of candlesticks in the W frame and see that after 2 weeks the candle is still red.
- This is also the closing date of the monthly candles, so there may still be red trees
=> Maybe at the beginning of the month the candlestick is still red and there is liquidity below. Then, how to fake or reverse the beard is the next calculation.
* Frame D:
- The bad scenario is that it may follow the range across frame D and continue to discharge to the lower edge of the range and coincide with the force measurement mark.
- The more hopeful scenario is that it goes range SW like I said.
=> Actually, the two are similar. Because then the plan is to wait for FALSE BREAK or the accumulated range after the break to go LONG or scoop up SPOT.
- That is when expectations are in sync with the uptrend with BTC
- Note that the wave is just a rebound, not an uptrend. But there will be a better position with the return, maybe 30-50% is not small with this nonsense =)).
- The structure is clearly a bearish structure but the expectation is PULLBACK when breaking so FUTU waits for range, SPOT plays based on DCA capital management.
Tonight is the night I limit transactions. Please process all orders.