A short-term scenario for BTC

Updated

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!

Note

Update:

Note

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

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

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Update

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

Note

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

Note

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

evasivesteering

Also on:

Related publications

BTC still in a disctribution phrase?

by evasivesteering

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