ramon_markiewitz

ramon_markiewitz Updated 

Potential wyckoff model 1. I'm waiting for another deviation of the high and a tap in the supply zone from december 18. I would enter a short with a BOS.

ramon_markiewitz

Even though I don't like it, I can't ignore that the current range in BTC looks like a distribution that, if it plays out, has a price target of $89,000 (with demand below it).

ramon_markiewitz

Maybe BTC will stay in the range for a while longer. The next daily and weekly cycle low will be around March 15th. I hope not, but we will see.

ramon_markiewitz

I'm waiting for another manipulation of the low to take out the liquidity. That could complete the model 1 and would give me an entry after a BOS where my target would be the supply zone from the beginning of the week.

ramon_markiewitz

On Tuesday, BTC did not enter the supply zone, but turned around shortly before and has been falling very slowly since then, leaving a lot of liquidity behind. When we get up there, I'm thinking about switching from long to short for a short time, maybe up to the POC or some demand zone, we'll see.

ramon_markiewitz

The demand zone of Aug/Sep 2024 could be a good long entry. Maybe one last push down to grab all the liquidity. If the demand doesn't get taken, I would still remember it for the future.

ramon_markiewitz

In a hyperwave scenario, where each phase achieves approximately the same return in half the time, the S&P 500 would be at around 8500 in August. An invalidation of this scenario would be a lasting break in the trendline and the target would be the base, which does not have to be reached.

ramon_markiewitz

Possible long setup for a continuation of the bullish intentions from the demand zone.

ramon_markiewitz

If BTC keeps the trend it could be at 250k in about a month. I wouldn't be too confident about it, but we'll see.

ramon_markiewitz

Possible BTC long trade from the demand zone at the friday opening. I would wait for confirmation in the form of a BOS.