good opportunity for long term bullish first we got nice broken daily downtrend second we got perfect broken & retest 4H downtrend third we have new uptrend has been built with nice channel so we will take the value area as good support for long positions which is K L
we have very important level will confirm us to be bearish or bullish as shown on the chart , why we expecting bearish for short term first we got broken uptrend at 4H second till now the volume at the level lead by the sellers and above the new resistance but don't forget its BITCOIN the volume it can be change so follow the chart levels carefully
we expect rejection by value area and retest strong support level to got the push to the downtrend resistance if price crossing this resistance line than we will reach the POC level as shown on the chart
we reach very important level as shown on the chart follow the arrow instructions
we wait for shark pattern to be completed & bearish price action
as shown on the chart we will wait for bull back and price action for sell opportunity
as shown on the chart we expecting bull back and the strong sellers will be stronger to push the price down retest the heavy volume area of the buyers at the poc
we have clear crab pattern and expecting rejection level at the POC
We confirm the trend setup and description than we confirm the last shoulder has been created So just we need the last confirmation down crosse the POC level and retest it to take the short as shown on the chart
we confirm of strong rejection out of channel just we need to see more heavy volume of buyers push the price to the rally as we expecting as shown on the chart
we can see the same BLACKHOLE area was the the heavy buyers volume as a support now we expect the same level become a strong resistance as i called BLACKHOLE RESISTANCE as shown on the chart
we expect deep correction to the stronger support level with HVN before rising to the POC with good respecting for gann fan levels as shown on the chart
looking for retest the HVN as strong support level to bush the price crossing the POC as shown on the chart
we expect distribution expected for tow reasons first strong resistance area second head & shoulders pattern third heavy volume for sellers will push price to retest the support levels to become stronger to crossing the level as shown on the chart
first we have clear 4H BROKEN TREND so we looking for good retest support levels second we have strong POC crossing thats why we expect retest for acceptance price as support levels third we have strong crossing up the VWAP also we expect retest the VWAP center plus good sign of DIVERGENCE at 4H
AFTER STRONG REJECTION BY SELLERS AE STILL SEE THEM STRONG AND BUYERS JUST TRYING TO PUSH FOR CORRECTION SO WE EXPECT THE MOVEMENT AS SHOWN ON THE CHART
WE EXPECT GOOD REJECTION FROM UPTREND POC LEVEL AS RESISTANCE AREA AS SHOWN ON THE CHART