Check this out... BTC ANALYSIS
High-timeframe (HTF) Technical Analysis
-Breaker order block and imbalance (supply) are below the current BTC price and need to be tapped
-THERE IS A CHANCE THAT THIS DIP IS THE UPTHRUST AFTER DISTRIBUTION (UTAD) IN THE HTF WYCOFF CYCLE WHICH IS SORT OF FORMING (there was a weak automatic reaction after the selling climax and no prices were tested even close to the first major low until now)
-The trading range (represented by the white zone w/ midline) was mainly selling in the discount area (where accumulation would happen until there was a fake-out which acted as the last point of supply (LPSY)
HTF MACRO
-Although consumer spending and employment are doing well, interest rates are about to go through the roof. The supply chain issues have dampened the profits of businesses as it's causing higher costs; stagflation is also a possibility with inflation combined with a slowing economy
-European and Chinese economic issues would also push selling pressure higher for BTC
LOW TIME FRAME (LTF) Technical Analysis
-Low-timeframe demand needs to be tapped above before continuing that far down
-The point of interest is both of the purple zones which I have created using the VPSV and volume to identify where important demand zones are.
LET ME KNOW IF YOU HAVE QUESTIONS
-Breaker order block and imbalance (supply) are below the current BTC price and need to be tapped
-THERE IS A CHANCE THAT THIS DIP IS THE UPTHRUST AFTER DISTRIBUTION (UTAD) IN THE HTF WYCOFF CYCLE WHICH IS SORT OF FORMING (there was a weak automatic reaction after the selling climax and no prices were tested even close to the first major low until now)
-The trading range (represented by the white zone w/ midline) was mainly selling in the discount area (where accumulation would happen until there was a fake-out which acted as the last point of supply (LPSY)
HTF MACRO
-Although consumer spending and employment are doing well, interest rates are about to go through the roof. The supply chain issues have dampened the profits of businesses as it's causing higher costs; stagflation is also a possibility with inflation combined with a slowing economy
-European and Chinese economic issues would also push selling pressure higher for BTC
LOW TIME FRAME (LTF) Technical Analysis
-Low-timeframe demand needs to be tapped above before continuing that far down
-The point of interest is both of the purple zones which I have created using the VPSV and volume to identify where important demand zones are.
LET ME KNOW IF YOU HAVE QUESTIONS
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