Ok guys…Got a few minutes to run this with you all.
The Two trading view charts posted show the 1hr and 15m time frame.
The overall structure you can see is bitcoin is attempting a “Drift” in price.
Now consider the following scenarios.
1) The premium Discount range: Btc is currently flirting with the idea of coming back down towards this point. That would be consistent with them moving the price back down into the green vector zone.
2) The Low ADR at 18880 is showing us the vector zone that if they cannot maintain price above the 50 EMA on the 1hr, we are going to see this point. Which sits at the low ADR at 18880.
3) The Small structure on the 15m time frame shows the commitment to move the price up.
Notice how the Daily open is acting as a support zone…
You have to remember, that the sell-off that has happened in bitcoin is very extensive and a relief rally is expected, but what if this is the relief rally. If you want to play longs, be sure that you focus on the 5m time frame and 15m time frame 5 and 13 ema to understand the momentum that is building up to favor higher prices.
4) Yesterday High is being tested and they appear to be testing this point aggressively. but staying within the range.
The High ADR at 21905 which sits at the 800 ema on the 15m time frame would be the overall target if you were to consider taking a long from this current point.
This leads me to the next image…
How confident would you feel in placing a long at the current point and having a stop loss placed below the small W formation structure…? Given that there are vector candles in this range?
So to truly test the idea of a support zone…Wait for the price to recover the blue and green vectors at the Mini W structure. That way, you avoid placing a long and seeing a drawdown to only change direction and run a short when you would have placed a short in the first place…
I want you to engage in your own thinking…What would you do in this scenario…?
Remember…The US session is closed…We are down pools of liquidity…
How likely is your long going to show strength to move higher?
Remember, I am still favoring higher prices in this range…I want that 22k.
The sweet spot of entry will all be down to how much risk you are allocating…Too much risk small stop = get shaken out…Using small risk = gives the movement a chance to move and you gain enough information on whether the move has strength, which in turn means you can change direction and place some size and it has not cost you an arm and a leg. This is what I mean by Probing a trade…
The Exo Chart is showing some interesting behavior…The deltas to push price higher are not showing me the market maker is looking to mark the price up and sell into premium aggressively, yet the red delta is showing me that they are aggressive at hitting the lows of the price range, yet they are not truly breaking down…
The Proof of the move will be based on what they do with the 2 blue vectors and the green vector candle on the 15m time frame… Remember, as long as the 1h 50 ema is not broken, this move down may be simply designed for those vectors on the 15m as mentioned above to be recovered.
I will say it again…We are down a pool of liquidity…Test, create feedback…
Let’s see what happens…
Then you will know…
Mad Love
T
