Cycle Conflict in BTC — Long Bias Despite Bearish Price Action📊 Cycle Structure:
⬆️ HWC (Higher Wave Cycle): Bullish
⬆️ MWC (Middle Wave Cycle): Bullish
🔁 LWC (Lower Wave Cycle): Ranging (Neutral, no clear direction)
📌 Always keep cycles in mind — they are key tools to understand both long-term and short-term trends and help us manage risk better.
📉 Price Action Inside the Channel:
Price is moving inside a defined channel.
We’ve seen about 6 touches to the channel bottom, but the 5th and 6th touches were weak and didn’t even reach the mid-channel line. This shows buyer weakness at the support zone.
Candles and volume also indicate bearish pressure.
🔄 Conflicting Signals:
Cycles suggest avoiding shorts and keeping a long bias.
But the channel and bearish pressure indicate a possible breakdown.
⚠️ Risk Management:
This is where risk management saves the day!
Enter long with low risk.
Place a tight stop loss so if price moves against us, we exit fast.
If the market moves in favor of longs, we can quickly take the position.
Also, quick profit-taking is advised since this move contradicts the cycle signals.
📍 Key Level:
105,250 — This level can trigger strong reactions but it’s not a confirmation for long entries. It’s mainly a good zone for taking profits and managing positions.
📌 If you want me to analyze a specific coin or pair, just drop a comment.
⚠️ Without proper risk management, you’re just a ticking time bomb.
— PXA
