$BTC P6.3
Waiting for a whole week is almost the important point.
This section, whether going down or up, will be the benchmark to base on.
Sell then start watching for signals. Long then wait for a break and retest this section to enter the position. You can play any way.
*Frame W:
- You can see that 2 weeks ago, it created a very beautiful candle cluster -> everyone hopes that it will be included, including me.
- But the price has returned to the balance zone, testing the upper border
=> If you want to BULLISH, you should also wait for the ATH break and retest before you can start entering the position. Otherwise, you should still be careful with the fire.
*Frame D:
+BULL perspective:
- Expecting that the last bottom is SPRING, it has tested ok and is returning to TR to approach the supply zone
-> Similarly, at least you still have to see that you can eat the LPSY zone of this TR combination, then you can hope to continue.
+BEAR perspective:
- According to the most basic theory, it is "Sell in the supply zone on the downtrend".
=> This is the best place to continue selling.
- Currently, today is still creating a DOJI sideway but you guys have seen ALTS starting to show signs of selling. So whoever wants to short, just need to see the "confluence" that I always say, that is BTC is up but ATLS is just a recovery in the downtrend structure, then just rush down and vice versa (the opposite happened in the last uptrend)
*H4 frame:
- The price is approaching the observation zone as shown.
=> Plan:
* BEAR side (including me):
- There is liquidity on the left so I expect it to rise a bit to create a "cat's ear" fake break then I will sell down
* BULL side:
- Wait for a complete break then retest then enter.
-> So what if I'm wrong?
No problem. Then wait for the cards to be dealt again to the BULL side
