BTC could have a big move in either direction. Since the end of the month is less than a week away, I believe it’s wise to wait for a break of the current monthly candle by the candle that hasn’t formed yet which is August’s monthly candle to break in either direction. Currently we have an inside monthly candle. That could change before the month finishes. The...
2-2 Strat reversal Daily off the buyers candle Bottom of STRAT Broadening formation on the Daily Declining volume-possible sign of whales taking supply out of the market multiple retests price above 9 MA with retest above VP Point of control+ price imbalance areas in volume profile gaps All the above = Long Be Fearful when others are greedy and greedy when...
Tomorrow if AMZN breaks today’s inside candle to the downside and closes below 3173, that would create a compound 2 down taking out the previous inside day to the downside. This could in turn create a compound 3 down on the weekly if it continues down next week and takes out 3064.55. Then we possibly trigger the monthly which is a 1 down doji now, to possibly go...