A short-term scenario for BTC

26 thg 6, 2023

Hi all,

In accordance with my previous mid-term analysis for BTC (see link below), here is what I'm think about BTC's moves the next days to come.

It's just a possible scenario (among others) where BTC is forming an distribution pattern following wyckoff method. But I have a preference for this one.

What do you think about it?

All the best!

27 thg 6, 2023

Ghi chú

Update:

28 thg 6, 2023

Ghi chú

Prices are oscilating around the wickless weekly trendline.
Second SOW in Phase B has just been created. If this support hold?

29 thg 6, 2023

Ghi chú

Second SOW in Phase B was set and BTC is heading the upper side (UT)

30 thg 6, 2023

Ghi chú

Update

3 thg 7, 2023

Ghi chú

BTC is likely to head the UT (around 31800s), with some lags.

7 thg 7, 2023

Ghi chú

Reaching 32500 areas (UTAD Test) is not my favorite scenario any more. BTC has been showing weakness while being continously rejected by $31000-$31500.
On 1D TF, we can see a Three Black Crows pattern. BTC would go more down in short-term

7 thg 7, 2023

Ghi chú

Here is my current view, the final target ($27000-$27500) does not change.