BTCUSD update
Funnel : D/H4/M30 (intraday)
So the price has reintegrated the daily compression (yellow) down which has been confirmed by breaking the last daily top at ~9760 (pink circle) down. Therefore, we are back on a bearish bias on daily. Next logical scenario would be this ugly compression on H4 (blue) to break by its bottom and lead us to the lower part of the daily compression at ~8670.
But if the BB end up by forming the next compression on H4 somewhere near the upper part of the daily compression, we could see another double signal on H4/D and a new retest of 10k.
Tricky situation, stay out until the BB on H4 become clearer. On my side, I foreseen the bearish scenario more.
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Entonnoir : D/H4/M30 (intraday)
Le prix a donc reintegre sa compression daily (jaune) a la baisse, reintegration qui a ete confirmee lors de la cassure du dernier sommet daily a ~9760 (entoure rose) par le bas. Nous sommes donc de retour sur un biais baissier en daily. Le prochain scenario logique serait que cette compression H4 (bleu) immonde casse par le bas et nous mene sur la borne inferieure de la compression daily a ~8670.
Mais si les BB venaient a former une nouvelle compression H4 situee assez proche de la borne superieure de la compression daily, on pourrait re-avoir un double signal H4/D suivi d'un retest des 10k.
Situation ambigue, restez en dehors du marche jusqu'a ce que les BB en H4 soient plus claires. De mon cote, je prevois plutot la realisation du scenario bearish.
Funnel : D/H4/M30 (intraday)
So the price has reintegrated the daily compression (yellow) down which has been confirmed by breaking the last daily top at ~9760 (pink circle) down. Therefore, we are back on a bearish bias on daily. Next logical scenario would be this ugly compression on H4 (blue) to break by its bottom and lead us to the lower part of the daily compression at ~8670.
But if the BB end up by forming the next compression on H4 somewhere near the upper part of the daily compression, we could see another double signal on H4/D and a new retest of 10k.
Tricky situation, stay out until the BB on H4 become clearer. On my side, I foreseen the bearish scenario more.
—————
Entonnoir : D/H4/M30 (intraday)
Le prix a donc reintegre sa compression daily (jaune) a la baisse, reintegration qui a ete confirmee lors de la cassure du dernier sommet daily a ~9760 (entoure rose) par le bas. Nous sommes donc de retour sur un biais baissier en daily. Le prochain scenario logique serait que cette compression H4 (bleu) immonde casse par le bas et nous mene sur la borne inferieure de la compression daily a ~8670.
Mais si les BB venaient a former une nouvelle compression H4 situee assez proche de la borne superieure de la compression daily, on pourrait re-avoir un double signal H4/D suivi d'un retest des 10k.
Situation ambigue, restez en dehors du marche jusqu'a ce que les BB en H4 soient plus claires. De mon cote, je prevois plutot la realisation du scenario bearish.
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Suivez mes AT gratuitement ici t.me/somstradamus et posez-moi vos questions directement ici t.me/atmaniacs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Follow my TA for free here t.me/somstradamus and ask me anything here t.me/atmaniacs
-----
Suivez mes AT gratuitement ici t.me/somstradamus et posez-moi vos questions directement ici t.me/atmaniacs
-----
Suivez mes AT gratuitement ici t.me/somstradamus et posez-moi vos questions directement ici t.me/atmaniacs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.