📺 Exhaustion through Weekly candle close

We can observe a 25% pump after price created a Lower Low on the Daily timeframe at $25,128 ( 9 Days ago). The latter half of June has been quite exciting for Bulls. I suppose in March price did a 35% pump in 6 days. Anything can happen as we have seen in the past. Last time price was at this area it distriubted for a week before correcting 11% in 6 Days.
1Hr & 4Hr market structure has turned bearish and this current daily candle has not seen much upside. There has been a change of character since the blowoff +3.77% 1Hr candle printed during Friday's New York trading session. Bulls want the weekly candle to close above 30,329 in 28 hours. This would confirm very strong bullish pressure since we would close above medium term market structure highs created in April. I'm looking at a retracement to the most recent Daily support level at $29,901 through the end of this weekly candle. Looking for the weekly candle to create a larger top wick and pullback to the downside.

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tight stop loss. I was patient. followed my plan.

ความคิดเห็น:

Price respected 30,945$ 1Hr resistance zone. The Daily candle has now is has a large top wick which appears to be rejection moving into the new weekly candle. The 4hr has not appeared to sustain itself above 30,715$ 4hr zone. Looking for push down moving into the new weekly candle.

ความคิดเห็น:

Take Profit area reached $29,901 Daily Support Zone. On Schedule as well. I was anticipating exhaustion as the weekly candle transitioned to the new weekly candle. Anticipated a pullback on BTC after a blowoff top during Friday's NY Session. Our target area reached at the end of NY session on Monday