No explanation, market does what it wants. 1hr showing intent. Reclaiming levels and such.
1.00 psychological level has been hit. 1h is tailing nicely after rebalancing. Theres nothing holding this back so it should get moving soon if long is right ;) Not trailing stop atm, partials have already been taken.
That tiny green line is gonna give a big reaction and it is by no means support ;)
Weekly structure is primed and 1h is gonna behave like a good boy. Here we can appreciate the birth of this rally at the foothills.
After recent move, bera is at full extension so im confident theres 2 paths only for Big Bitty, and im most confident on the straight up from here path as #1. We coasting since 19.3K NFA
Context over pattern is King when deciding bias and this is how you cuck retail. Theyre either denied a short entry and forced fomod higher later with shit entries OR they are given the short entry, take out relative equal lows for liquidity and swing the other way to eat their stop and create new structure. This cup and handle ( which coincidently prints at a...
Bera scenario if this turns out to be redistribution. Lotta elements to overcome for Bitty if it starts sliding from here. Will short the breaker and TP extensions. This 15M PA dipping below key trendline might poke the bera.
By switching to the line chart on the current price action depicts an identical formation as that of the 18/19 bottom that followed capitulation. Will it continue on the same footsteps? If so, we are a day or two away from a significant expansion. Will be fun to press play on this one later on.