Bitcoin
Short

Be cautious! We are close to a major movement! Halving ahead

Price its in a very particular place in this moment.

Upside we have some 4H / 8H FVG calling price up. We can go there, fill these inefficiencies and then keep falling (I maintain my Bearish Bias).

BUT there is a lot of Negative Delta and you can check my previous analysis regarding my Bearish perspective for the short / medium time ahead.

Two possibilities:

1) We formed a Falling Wedge and price could go higher to fill one or both FVG.

2) Behind that "Falling Wedge" the real pattern is a Descending Triangle and we will break to the downside.

For me, its more probable the second option. A lot of Negative Delta and other important Confluences make me thing that my Bearish Plan can happen in the days ahead.

Be cautious. Im not in FOMO mode and I think its better for you to not be in FOMO mode neither.

Take care.
Chart PatternsHarmonic PatternsTrend Analysis

Haftungsausschluss