ONE QUESTION, ONE ANSWER TONIGHT - LDTP #14.1

已更新

Let's do the point ! // Update #14.1

ONE QUESTION : Could institutionnals absorb all the selling exhaust ?
That was the question I was asking myself the first time I explained this pattern in the LDTP #8.2. And this is always the question. Now we are in the area, and if I do this update is only for one reason : remind you to DON'T ANTICIPATE ! We start to see some goods signals on short timeframes with buyers reactions but DON'T ANTICIPATE ! If the answer is no, it will go threw and deeply bleed. If it's yes this can be the trade of your life. In all case YOU WILL NOT BUY THE BOTTOM, so DON'T ANTICIPATE, because that how you burn accounts.

Should LUNA create an systemic crisis ? Can we close back in the weekly support area to save it ? Will we see the biggest amount of volume of all time ? Is cryptocurrencies a bubble and overvaluated market ? ... Tonight it's way more than

ONE ANSWER.

Like, follow or comment if you like, it give me some strength to continue !

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IT'S LOADING !

We can see the difference between a spike reaction and an area of interest here, increasing volume not only on breakout but during all he time we are in.
Always, understand that it confirm the plan and all what is happening, but it also confirm that if big hands can't handle the exhaust, every bitcoin that being load here will be unload next and make it bleed harder. So it's encouraging but DON'T ANTICIPATE.

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LOOK ALL OF THIS 👀

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IN ON SCALP AT $25,054 SHORT STOP LOSS, RAPID BREAKEVEN
I certainly don't advice that for beginners, I always remind to wait larger timeframe signals. But I don't lie on what I do.

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BY THE WAY...
We've seen a large correlation between stock market and cryptocurrencies this past month (and mostly the speculative stock market). Nasdaq100 paid the price and we can see a nice 10 sec Wyckoff Accumulation Pattern, on a 1min Wyckoff redistribution succeed pattern, inside a 15min Wyckoff accumulation spring area on a daily support (near to Inception). I took a scalp a it to at 11,800 , if it stay correlated and bitcoin react don't know what could happen.

Already SL to breakeven and too late to enter now but that show you possibilities of trading between different markets, also that a working strategie work on every timeframe and every assets.
By the way the scalp on BTC is also SL to breakeven so will see what will happen, not sure that we will see $25,000 on USDT.

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US STOCK MARKET SESSION WILL ANSWER
Take care of the direction that stock market take on the US session open, if there is a panic sell we could see a deeper retest. Not impossible to see a bottom with biggest hands so ... will see.

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FOR THE ENTRY SETUP
One asked me in message where my entry was as we didn't reached $25,000 so I will answer here as I see it could be confusing as I posted it.
So here the setup first :

Of course, like always, Wyckoff Accumulation, decreasing volume so anticipated exit of the pattern. Signal inside the demand area, complete signal is on 10s timeframe but here we see the exhaust and the buying volume which make a simple engulfing. I didn't get executed on the next candle (we like spread) but 5 minutes after on the pin bar where I added the ray on chart.
For the USDT depeg, I think I will explain it more deeply in another idea but here, when I saw it, I looked to the USD chart and saw that with depeg we reached the bottom of the spring area. And so my entry at 27,300 for BTCUSDT is approximatly equal to $25,000 BTCUSD which is the bottom of the spring area.
That why also I'm not sure we will reach it on BTCUSDT, will see on US session.

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THAT DON'T SMELL VERY STRONG FOR THE MOMENT
No signal on upper timeframes and not very encouraging what I see for the moment. That seems like an epidermic reaction on the entry of the spring area like show this :

Furthermore, no buying volumes. So, like that, without a delayed bottom I think we will come lower. We can pullback the support line around $33,000 before to go for a deeper movement. In this case I think we will see an SOS around it to gauge buyers strenght and decide for deeper movement or not.
If tomorrow is a big panic buy it could give a daily signal, but I don't believe in.

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CONCLUSION : NO ANSWER FOR THE MOMENT BUT AN ENCOURAGING REACTION
Unfortunetly we will not have answer tonight but multiples thing to highlight :
- We don't go for a flush but a standard structure for this spring, hard to say if it's a good thing or not. More it will be long, more there is a risk to see it fail.
- We have a reaction inside the spring area and more than a reaction : it's LOADING, volume are really strong that a very good sign.
- No buying volume or signals on upper timeframe, that the disappointment of the day. So we will probably retest the area, and go deeper. It's kinda like get a penalty and not score this day.
- An interesting, disturbing and alarming unpeg on the USDT, many things to say on it.
Stars align but don't shine yet.

For the WAP on 1 min we can see that the supply area became demand for the rest of the day. The top of the spring area act as support. We are stuck under the target of the WAP for the moment. That was a good scalp, but I don't think it's the bottom that we search for the moment, probably a breakeven incoming.