Something to think about. BTC

23 Mar 2021

This is not a new idea or concept but it is something that should be visualized and prepared for. I'm not saying this is going to happen but I see this pattern unfolding on a few charts. All I can do is watch it live, manage risks, and look for confluence/confirmation patiently. I did reduce risk near the local and patiently await for some of my signals to come in. I always take the opportunity to increase BTC, even if its just converting profit in small orders when BTC respects my trends. I do expect a hefty correction at some point and this drop was marked on many of my charts as a pivot. However, I think it would be wrong to say the PA in this chart can't happen. It makes a lot of sense given that there seems to be a ton of bearish context after the latest drop.

Consider this a visual to keep in mind of how things evolve. Study liquidity, volume, and the seek peripheral data outside the default indicators and/or your routine system.

Neutral for today - Long overall

BTCUSD

3 Nis 2021

Not

10 Nis 2021

Not

hitting the sideways chop on queue