Btc is moving sideways in a hesitant range after a strong pump and dump
1h short term is an uptrend as the price is above the EMA and has not broken
Setup long following the trend around 66k2 and demand 65k3
Wyckoff phase C is in a sideways section with no clear trend, this section is running chaotically like Saigon weather. If you are long or short, be gentle.
Daily is a series of bullish candles that the buyers are still supported, although yesterday's sweep also took away a lot of liquidity.
If you want to long or short altcoin, remember to check the dom carefully to avoid the case where btc increases + dom increases, going long altcoin is easy to fail
Yesterday's liq beat was quite accurate because no 1h candle closed over 64k
If btc drops from here to CME, there will only be a single wave to enter the order to reduce dilution
Plan fails when btc closes above 64k
Daily confirm liq successfully
4h still confirms the next downtrend
In the m15 phase, it is around ST, this part has many upthrusts around the resistance. It is the beginning of phase B of the small frame, so the price range is wide with large volume
Btc is showing signs of divergence reversal to the fvg zone, the previous support around 62k8-63k to retest, re-check
The 1h reversal signal has started to appear with a few green candles
This period limits short scalping
Daily yesterday closed the doji, I expect this candle to recover and continue to dump more, this dump is not enough liq, however it takes time ~2 weeks to complete the plan
Entry ft: around 0.034 considering the candlestick pattern, can be late to wait for confirmation (Stl: 0.0314 small trap)
Chart drawn according to technical analysis => profit taking point around: 0.12 - 0.14 January - February 2025
Next profit taking point around 0.17 March - April 2025
I'm looking at 3 rez, zk, omni. Anyone who is confident enough can follow my plan in the upcoming wave. Timing may be a bit wrong, at some point I will use technical analysis instead of timing, not rigidly taking profit in January, February, or March - April.