$BTC D1 turbo bearish
I don’t really trade based on classic technical analysis patterns, my trading approach relies more on other tools, I mainly focus on inefficiencies and liquidity (clusters). Nevertheless, this bearish wedge cannot be overlooked.
The wedge itself is logical, it’s not just a fantasy, but a structure where growth is driven by inertia rather than strength. In other words, buyers continue to push the price up but can’t accelerate the movement (if it weren’t for Saylor, we’d already be below 50k), and each new high is harder to achieve. Meanwhile, sellers are gradually offloading at the top of the range.
+Note how the main block of short liquidity has accumulated on the D1 chart, which may indicate that the correction targets within the downtrend have been met, most retail short sellers have exited.
All of these bearish signals are also consistent with my other analytical methods. LOWER.
trade on decisions, not hopes.
I hate how much better I am at scalping than swing trading.
Half the time I don't even bother swing trading because I can just hop on and do a 30 minute scalp session and call it a day.
I go through spurts of really good swings but not as consistent as I'd like.