BTC & last month clean indexes setups
Aktualisiert
What's up with BTC and other setups from indexes that unfolded super cleanly the last month.
This idea is still valid and the current one for BTC.
So about BTC. It has been showing important selling interest around 24.5k. But considering the last monthly close and how buying interest have still been trying to push price higher, I am still considering a potential scenario of a run to 26k-28k. Which could still happen from 22.5k or even around 19.5k, as long as there's no official break under 18k signaling that the downtrend is resuming.
But for now, price have been showing the incapability to close around 24.5k-25k, as expected. And the next things I will look for are:
- Is 24.5k keeping on showing selling interest at the test of it? ( Failed to show strength at this zone for now).
- What kind of volume and price texture will it give moving toward 22.5k. Is there sustained heavy volume coming in?
- And at break under 22.5k if. Is it showing heavy selling volume? And how is 22.5k retested afterward?
How it is looking RIGHT now, I don’t see the conditions for a run to 26k-28k. And mostly hunting my short positions, and looking to add on shorts as price move to the downside ( on signs of weakness of course). Now wanna see how 22.5k retest, and if it gives a break of it, and what kind of break if it does.
Having price closing showing strength around 24.5k-25k, will make me consider higher. And a break under 18k on important selling volume, will make me consider the downtrend is pursuing.
Weekly observations ( More important. Basing most of my trading decisions on the medium-long term from the weekly)
4 hours
1 hour
And here some indexes setups that were super cool to trade last month, which all targets has been achieved.
US30
NAS100
Spx500
This idea is still valid and the current one for BTC.
So about BTC. It has been showing important selling interest around 24.5k. But considering the last monthly close and how buying interest have still been trying to push price higher, I am still considering a potential scenario of a run to 26k-28k. Which could still happen from 22.5k or even around 19.5k, as long as there's no official break under 18k signaling that the downtrend is resuming.
But for now, price have been showing the incapability to close around 24.5k-25k, as expected. And the next things I will look for are:
- Is 24.5k keeping on showing selling interest at the test of it? ( Failed to show strength at this zone for now).
- What kind of volume and price texture will it give moving toward 22.5k. Is there sustained heavy volume coming in?
- And at break under 22.5k if. Is it showing heavy selling volume? And how is 22.5k retested afterward?
How it is looking RIGHT now, I don’t see the conditions for a run to 26k-28k. And mostly hunting my short positions, and looking to add on shorts as price move to the downside ( on signs of weakness of course). Now wanna see how 22.5k retest, and if it gives a break of it, and what kind of break if it does.
Having price closing showing strength around 24.5k-25k, will make me consider higher. And a break under 18k on important selling volume, will make me consider the downtrend is pursuing.
Weekly observations ( More important. Basing most of my trading decisions on the medium-long term from the weekly)
4 hours
1 hour
And here some indexes setups that were super cool to trade last month, which all targets has been achieved.
US30
NAS100
Spx500
Anmerkung
'' How it is looking RIGHT now, I don’t see the conditions for a run to 26k-28k. And mostly hunting my short positions, and looking to add on shorts as price move to the downside ( on signs of weakness of course). Now wanna see how 22.5k retest, and if it gives a break of it, and what kind of break if it does. '' ✅️ -> In fact there was no conditions for a run to 26k-28k. Got the break if 22.5k on heavy selling volume, and awaiting for the retest of 22.5k having the map following it's course.
Now why I am expecting a wicking of 22.5k and eventual crunchy short opportunities around it ( and all the current bias still matching the 9th August bias of this idea). Making me target 19.5k as next area.
The weekly.
Daily
So I am looking to short around 22.5k again, on weak decrease demand. Which I will monitor carefully since it could happen on quick rejection wicking to the downside of the area.
18k-17.5k is still the area to break for a sign that the downtrend is resuming. / Going back to 24k on major demand recovery will make me consider 26k-28k as to be prepare for all scnearios.
Here a bit of P & F and noise cutting.
Having the third box of O being printed, signaling reversal in the price action and that sellers are taking over. And executing the 3 box P&F rule ;
= [ A new column is started each time there is a reversal of the value of 3 boxes or more. Price reversals less than the value of 3 boxes are ignored. 3-box charts can never have an X and 0 in the same column, because the minimum number of boxes in any column is 3.]
Trade geschlossen: Ziel wurde erreicht
hello 19.5k ✅️ 
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