MatrixEdge

MatrixEdge

Markdown phase approaching

MatrixEdge

SNDL looks to have momentum showing up on the 1hr awaiting narrative of traders rushing to buy on low barrier to entry & news surrounding the upcoming U.S. taxation proposal

MatrixEdge

Possible 1 more level of rise before reversing next wk $115

MatrixEdge

Simply based on the previous narrative expecting cycle to finish. Possible W formation, however wknd is approaching.

MatrixEdge Updated 

i highly doubt the markets are ready to go full risk on without resolution of RU vs UKR.

MatrixEdge

awaiting a potential drop W formation details below

MatrixEdge

I am still in favor of this narrative. Using TTM Squeeze VSA & AVWAP the lack of conviction in the charts MM not favoring lower prices currently.... but volume still hasn't rolled in with price well under the lower band of the AVWAP. Invalidation: print of 1 hr doji candle followed by high spread/high volume candle to the downside & TTM failure to cross 0 line...

MatrixEdge

50 ema is the area MM will either shift higher to test the 800or drop to form W pattern vector candle breakout above daily cpr POC sitting towards daily high price 800 ema test possible retest ?

MatrixEdge

New week new Bitcoin who dis? False move Monday is currently playing out

MatrixEdge

If BTC doesnt come back to the psy lo by Sat evening we can expect lower prices (W pattern would be invalidated)

MatrixEdge

4hr pins to the low looks to be the setuo for the attempt into 50k as we have the FOMC which is known fof wild price behavior headed into the wknd.

MatrixEdge

dont go crazy with this but btc looks more and more like traditional assets during a major markup phase only its accessible to anyone and easily tradable. MFI creeping towards 50 line 1/17/22 stopping volume vector candle. looking on the other side, the recent 69k ath could be the second level of rise instead of whats projected in which case the last rally will...

MatrixEdge

quite simply put YFI needs to break the 800 ema , stay above the AWR, and present a green vector candlewith intentions of marking price higher. if these conditions are not present by NY session close monday then expect a M formation on the 4hr below

MatrixEdge

Start of the M formation (Wednesday evening short-term long liquidation)

MatrixEdge

Let's see if the MM's set us up with their favorite stop-hunt low rise in the NY Monday session. 1hr below:

MatrixEdge

Retest of the 50 and/or 200 EMA followed by markup or cyclical continuation down Final formation of the psy level (1hr below) & how price behaves (vector candle formation in and around areas of confluence) will help paint the story of liquidity and the MM true direction

MatrixEdge

Retest of the 50 and/or 200 EMA followed by markup or cyclical continuation down Final formation of the psy level (1hr below) & how price behaves (vector candle formation in and around areas of confluence) will help paint the story of liquidity and the MM true direction

MatrixEdge

PVSRA + moving averages using the concept of the market maker this could be price bias