2023-03-10 21:22:57
$BTC Update Top Down Analysis Report W:
Weekly still staying Bearish, a current reaction is comming down from the Weekly Timeframe. We had a Weekly Draw On Liquidity, from the significant Weekly Swing High. Currently Mitigating Weekly Imbalance/FVG. The scenario which was mentioned in the previous update.
W: https://www.tradingview.com/x/c9Cbn90G/
D:
Daily Market Structure made its first Bearish Daily Intent which is a signal that structure can realign back with the Weekly Bearish Structure. If We get another Daily Bearish BOS the Daily chart will be confirmed bearish with 2 Daily Bearish BOSes in a row and will be realigned back with the Weekly Bearish Structure.
All the Daily SSL was taken which can lead into some sort of a pullback. We are not interested in trading those pullbacks as there are no valid Daily Demands to trade off and the PA can melt on us deeper.
D: https://www.tradingview.com/x/L1dPj8b2/
H4:
H4 Major Structure made its first Bearish H4 Intent and its realigning with H4 Internal Bearish Structure. We can reconsider it technically still bullish as our mechanical rules say that we need 2 consecutive Boses in a row to fully confirm a trend shift and Bias however Longs are still out of equation till we get back a Bullish H4 Intent First. Till Then we will only be interested in Short Setups which come from HTF Bias.
H4: https://www.tradingview.com/x/qHucOHcD/
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