$BTC Nothing much to update...
Don't try to force an outcome or get biased when we're trading inside a compressed range like this.
If anything, look for quick scalps from the range highs/lows.
This is one of those times where you gotta play level to level and wait for the PA itself to show its hand.
We're inside a symmetrical triangle, which can break out in either direction.
However, if we zoom out, we're bouncing after clearing some of the imbalance created on the 1D/2D during the previous leg up.
Inside that imbalance, we printed Wave D on TOTAL 2 and completed the ABC correction as well.
So technically, we should now be inside Wave 1 of the next count.
But for an impulsive move towards the upside, we need to reclaim Wave B on TOTAL 2 at 82.5k.
So far, we haven't seen a substantial higher timeframe close above it, which keeps the possibility of a bearish breakout from this symmetrical on the table as well.
From a Weekly/Monthly perspective, I still don't see anything pointing towards a reversal.
This move down is a bullish pullback, and nothing about my HTF bias has changed.
Worst case we see 76k-74k before higher, And that will likely be the last time we'll see those prices.
$ADA
$ZEC
Don't try to force an outcome or get biased when we're trading inside a compressed range like this.
If anything, look for quick scalps from the range highs/lows.
This is one of those times where you gotta play level to level and wait for the PA itself to show its hand.
We're inside a symmetrical triangle, which can break out in either direction.
However, if we zoom out, we're bouncing after clearing some of the imbalance created on the 1D/2D during the previous leg up.
Inside that imbalance, we printed Wave D on TOTAL 2 and completed the ABC correction as well.
So technically, we should now be inside Wave 1 of the next count.
But for an impulsive move towards the upside, we need to reclaim Wave B on TOTAL 2 at 82.5k.
So far, we haven't seen a substantial higher timeframe close above it, which keeps the possibility of a bearish breakout from this symmetrical on the table as well.
From a Weekly/Monthly perspective, I still don't see anything pointing towards a reversal.
This move down is a bullish pullback, and nothing about my HTF bias has changed.
Worst case we see 76k-74k before higher, And that will likely be the last time we'll see those prices.
$ADA
$ZEC