BTCUSD is this the Manipulation?
מעודכן
Lets see if this plays out.
We had accumulation, lets see if this is Manipulation before the Distribution.
A nice strong close above MO would be nice. Maybe one more wick down into D support zone. Don't want to see a W close bellow the red line.
Being careful here with longs as we have bearish MS on the major TF. So any bounce I will look for shorts. Unless things change. This will be shown with time what PA is doing.
If the D support will be lost this is a confirmation for me that we will see 53k ish BTC
Even if BTC will do as low as 47-46k this will still remain bullish on the W chart and will make a Higher Low.
Intraday for now is bearish until proved otherwise.
We had accumulation, lets see if this is Manipulation before the Distribution.
A nice strong close above MO would be nice. Maybe one more wick down into D support zone. Don't want to see a W close bellow the red line.
Being careful here with longs as we have bearish MS on the major TF. So any bounce I will look for shorts. Unless things change. This will be shown with time what PA is doing.
If the D support will be lost this is a confirmation for me that we will see 53k ish BTC
Even if BTC will do as low as 47-46k this will still remain bullish on the W chart and will make a Higher Low.
Intraday for now is bearish until proved otherwise.
הערה
Looking at the H1 I redraw the accumulation / manipulation / distribution zones. Price deviated bellow W low and came back nicely with a retest at the yellow doted line.
Have some longs running from there targeting 64-65k
If price can go back above MO and hold then I see price continuing going higher and pullbacks will be for adding to spot and longs. A close below MO again will look bad.
Trade safe, stay safe and do not over leverage.
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