Monthly: - bullish structure - FVG above - if we trade through it we go to a new ATH - if we reject from it I can see a bearish BoS that sends us definitely into a bear market
Weekly: - bearish structure - FVG above - I expect it to act as resistance on the first try, but it's overlapping with the monthly FVG above
Daily: - ranging PA - look for shorts at range highs, where we have the weekly and monthly FVG - look for longs at equal lows below range VAL
H4: - bullish PA - H4 FVG below acted as support - I expect the H4 FVG below to act as support too, so I would long it
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$BTC Top-Down Analysis
Monthly:
- bullish structure
- FVG above
- if we trade through it we go to a new ATH
- if we reject from it I can see a bearish BoS that sends us definitely into a bear market
Weekly:
- bearish structure
- FVG above
- I expect it to act as resistance on the first try, but it's overlapping with the monthly FVG above
Daily:
- ranging PA
- look for shorts at range highs, where we have the weekly and monthly FVG
- look for longs at equal lows below range VAL
H4:
- bullish PA
- H4 FVG below acted as support
- I expect the H4 FVG below to act as support too, so I would long it