I want to give you a view on if the S&P500 is outperforming or if it is Bitcoin. In my view the S&P500 will outperform BTC for a few months and then BTC will get stronger in the bearish swing phases , in between. But not now. Look at the higher lows and higher highs and at the green box and on the red box. Sellers are still in control, but buyers seem a lot stronger.
Note
where the small bars are, there is low liquidity .. but market makers are allways into it. so this is really important to looak at.
small ranges after strong movements !!! David Weis calls this IBar (inside bars)
the green zone could be a entry -> let's see if the ground holds :)
Note
keep in mind that we have the biggest green bar after reentry in the range.
this one (grren arrow) broke the strongest area (red box) and therefore it will follow a new range which should be left to the upside, if i am right.
I am analysing the wyckoff style.
Greatings and much Love from Hamburg <3
Note
At the moment, it holds quite well. UTA (upthrust action) formed afterwards. Note
upside target + trading range S&P500
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.
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.