As you can see, BTC is creating an inverted H&S pattern. Once we break this trendline resistance(symetric pattern), I think we can see the 88kish resistance level as the next stop which is clearly written in the chart. I'm watching it, what do you think?
Short term moves for BTC. You can long here putting SL below the left shoulder imo. NFA.
A clear change of trend structure for $SOL, this is how SMC works.
Only time will tell for $BTC to move to its final down leg.
Target scenarios for $BTC: As estimated we got a smooth UTAD from the Wyckoff distribution. Bearish divergence is a strong confluence for this price breakdown + the breakout from the trendline support, as well as the issue's going on with FTX. CPI latest report coming up on Nov. 10, 2022, 08:30pm EST time. It's only a matter of time to finally see the real bottom.
Bull Trap! Reasons: TA Perspective: - Strong Trendline Resistance @HTF. - H4 Unmitigated Order block/Supply - Respecting Fib level 0.618 - Showing Hidden Bearish Divergence FA Perspective: - FEDS ANNOUNCEMENT OF LATEST INTEREST RATE ON NOV. 3
Early shorts got WRECK! This is the last bounce that's going to happen before the massive dump. CPI Report coming up on Nov. 10, 2022, 8:30am EST time. As we got additional 75bps interest rate which made a total of 4% interest hike for the US. I'm expecting upcoming CPI report should made a negative impact to the whole assets.