Before we jump into any conclusions, I want to stress this out: IF we respect this trading range and IF we do not make any decisive lows (below 5600 max), this bottom could be similar to April's one. Absolutely do not @ me
There is a big falling wedge forming that I am watching also that can take us to 5400-5500 (for those who prefer classical charting)
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So far so good, following the fractal. Keep an eye on OBVOSC, it mimics April bottom very well. Should we follow this fractal, price won't dump for a while, so keep that in mind if you want to hedge short it. Also, if you didn't entered any longs yet - you might want to wait as well since price will most likely come back to at least 0.5 of the trading range to form spring/ST (might even retest lows if thats spring). So, do not fomo right now in position
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Update to my Wyckoff fractal
Just an idea though, would be actually surprised if it plays out exactly the same. Volume wise this structure is pretty similar to april, but has some minor differences
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#BTC
Boom!
Playing out like exactly like i drawn so far, this Wyckoff fractal looks like cheat code =)
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Following that similar wedge, remarkable similarities so far!
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this scalp short was posted in another idea of mine
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this one:

Edward Morra
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