Looking for potential Midweek reversal confirmations on BITCOIN📈📉
On the Macro perspective (left hand side) specifically the 4H TF since price made the Bearish impulsive move from the monthly supply at 31800, price left behind a large area of Imbalance from a 4H perspective. After a Bearish impulse that creates a change of structure, generally speaking we expect a corrective move to follow. Taking your FIB from the high to low of the bearish move we can identify we have the 0.618 in confluence with the 4H FVG making this a level in which the market can get attracted into.
Also on 4H TF during the move to the downside we can identify a potential deceleration and 4H reversal confirmations .From the Micro perspective (right hand chart) we can identify again beautiful areas of LQ and imbalance to the upside as added confluence - I'm waiting for price to sweep the low of the previous day and tap into the 4H Demand zone below to monitor for POTENTIAL ENTRY CONFIRMATIONS from a 5 and 15m perspective.
REMEMBER THIS SETUP IS ONLY VALID IF I SEE CORRECT ENTRY CONFIRMATIONS ACCORDING MY STRATEGY.
On the Macro perspective (left hand side) specifically the 4H TF since price made the Bearish impulsive move from the monthly supply at 31800, price left behind a large area of Imbalance from a 4H perspective. After a Bearish impulse that creates a change of structure, generally speaking we expect a corrective move to follow. Taking your FIB from the high to low of the bearish move we can identify we have the 0.618 in confluence with the 4H FVG making this a level in which the market can get attracted into.
Also on 4H TF during the move to the downside we can identify a potential deceleration and 4H reversal confirmations .From the Micro perspective (right hand chart) we can identify again beautiful areas of LQ and imbalance to the upside as added confluence - I'm waiting for price to sweep the low of the previous day and tap into the 4H Demand zone below to monitor for POTENTIAL ENTRY CONFIRMATIONS from a 5 and 15m perspective.
REMEMBER THIS SETUP IS ONLY VALID IF I SEE CORRECT ENTRY CONFIRMATIONS ACCORDING MY STRATEGY.