BTC Scenario I Plan to Participate In
Any deviation from the variables outlined here cancels the scenario and requires reassessment.
From $57,000, I expect a correction to the 4-hour imbalance, followed by an impulse up to $61,000-$62,000, where short positions can be considered. The target would be the imbalance likely forming around the $56,000-$57,000 range, from where we could fuel up for a move to $65,000. At $65,000, it's highly probable a short position with a target of $49,000 will be the best option.
However, if during the rise to $65,000, an area of interest forms on the weekly timeframe, I will not enter a short at $65,000 and will wait to see how things unfold with the new variables in mind.
From $57,000, I expect a correction to the 4-hour imbalance, followed by an impulse up to $61,000-$62,000, where short positions can be considered. The target would be the imbalance likely forming around the $56,000-$57,000 range, from where we could fuel up for a move to $65,000. At $65,000, it's highly probable a short position with a target of $49,000 will be the best option.
However, if during the rise to $65,000, an area of interest forms on the weekly timeframe, I will not enter a short at $65,000 and will wait to see how things unfold with the new variables in mind.
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