$BTC - Technical Analysis
Weekly
Last candle tagged 0.5 of old swing H then closed below weekly -OB as indecisive candle's wick. Looking for consolidation or reversal in PA.
Let's see if P wants to trade to last candle's upper wick 1st or newly created weekly FVG 1st.
This week we have FED rate and FOMC on Wed.
Daily
Last candle closed below daily FVG. Looking for P to continue trading lower. If P trades to 0.5 of the old swing L, I would look for P to trade even lower.
Noting that P created a wick in Friday in last week (NFP). I'm expecting that swing H is the H of this month (May)
H1
Looking for P to trade to H1 FVG to look for short.
Or base on intraday PA to look for setup. (edited)
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