In short COIN is showing a constant respect to bearish orderflow while in discount. I expect to see $89 before any buying is to be considered personally.
MSTR is currently in a strong monthly trend since January of 2023. This past months selling has served as a potential retracement into a previous buyside imbalance. After price filled this void it began showing signatures of a market structure shift on the hourly time frame. Though I think it's still too early to claim bottom, price is surely leaving obvious...
i see $bonk showing signs of bullish continuation here on the price chart while the market cap and volume continue to increase after its coinbase debut
At the end of this year we saw price re-accumulate buyers on the yearly time frame. Coming into the new year I expect price to retrace into the monthly fair value gap and raid sell-side liquidity before displacing higher for the year.
Last week we saw $SPY break of structure of a down trend on a higher timeframe. On that same timeframe we retraced to our key fib level without breaking the swing low. Here, I would like to see price break buyside liquidity + structure followed by a retracement down to our key fib levels before a leg higher is made.
Though we are navigating in a bear market, I'm expecting buyers to enter the market at this zone. Not a complete change in trend, but at least an intraday opportunity based on simple price action.
