BTC BEARISH day tomorrow? 14k valid

2023年1月11日

BTC: after re-evaluating after some pattern invalidation, the best I can make for BTC is that this macro structure on the weekly where the weekly volume indicates a big move soon. Most likely decided by the SPY reaction the CPI reports tomorrw. So depending how the SPY leads, that will determine this overall trend for the next few weeks. The targets for the downside(15k and possibly 14k shortly after) and the upside(18.7 and 19.3k) are still valid from this perspective. My bias is bearish. Rising wedges in this overall downtrend would indicate a break down the downside targets so overall, I am still bearish. Looking for the downside targets listed above. On invalidation I will look for us to move to the top side of the channel to retest major resistance before another sell off

2023年1月11日

注释

Here is a view of the volume profile on the weekly where it is clearer.

2023年1月11日

注释

The volume profile has yet to spike in buying or seling volume. until then, we havent had a confirmation for a major move yet. this has caused me to re-evalaute the symmetrical triangle previously discussed