Paul Trader

Price Action trader.

[Paul Trader @p_traderpp]

4Н $BTC Update

[Paul Trader @p_traderpp]

4H $BTC Update

[Paul Trader @p_traderpp]

Update $BTC As I wrote in my last post, a bull trap was forming. It's worked, and we've reached the zone I mentioned in the post before last. From here, I would expect a reversal to form.

[Paul Trader @p_traderpp]

However, this pattern plays out around 84,000. Thus, we have a potential support zone in the form of an imbalance just below. And an area where a consolidation is needed to confirm this setup (green line).

[Paul Trader @p_traderpp]

Update $BTCA Reversal "trap" setup is currently forming. It's called a trap because it's forming from an empty zone, not a strong level.

[Paul Trader @p_traderpp]

Update $BTC I expect a further decline into the white block, from which I will monitor the price reaction.

[Paul Trader @p_traderpp]

I expect the price to move into the upper block, from which I will monitor the reaction.

[Paul Trader @p_traderpp]

Update $BTC We received a short-term reaction from the lower boundary of the broken channel, as well as the 50 moving average and the 1D. I believe that the local upward movement is not yet complete, and after a small correction.

[Paul Trader @p_traderpp]

Update $BTC At the moment, it looks like a false breakout from the squeeze is occurring. In such cases, liquidity is rapidly collected. Therefore, I wouldn't expect a strong upward correction, and the planned minimum has now been met, opening the door to further declines

[Paul Trader @p_traderpp]

Update @BTC #BTC The 97330 level was able to hold the price down, and we saw a more aggressive reaction than I had even anticipated, consolidating below 92800. This created a short interest zone, from which it would have been mathematically more profitable to consider shorts.

[Paul Trader @p_traderpp]

Update @BTC #BTC The 97330 level was able to hold the price down, and we saw a more aggressive reaction than I had even anticipated, consolidating below 92800. This created a short interest zone, from which it would have been mathematically more profitable to consider shorts.

[Paul Trader @p_traderpp]

Update @BTC #BTC The 97330 level was able to hold the price down, and we saw a more aggressive reaction than I had even anticipated, consolidating below 92800. This created a short interest zone, from which it would have been mathematically more profitable to consider shorts.

[Paul Trader @p_traderpp]

Update @BTC #BTC

[Paul Trader @p_traderpp]

Update @BTC #BTC

[Paul Trader @p_traderpp]

Update @BTC #BTC We've realized our short potential, and now there are two key points that will determine further movement. I know many don't like multiple scenarios, but right now the focus is on these two points. Personally, I'm leaning more toward the short side.

[Paul Trader @p_traderpp]

Update @BTC #BTC We've realized our short potential, and now there are two key points that will determine further movement. I know many don't like multiple scenarios, but right now the focus is on these two points. Personally, I'm leaning more toward the short side.

[Paul Trader @p_traderpp]

Update @BTC #BTC The first signs of a complex correction to the main area of ​​interest have appeared. 3 hours before the 4H candle closes, so the plan will be relevant if it closes at or below current levels.

[Paul Trader @p_traderpp]

Update @BTC #BTC The first signs of a complex correction to the main area of ​​interest have appeared. 3 hours before the 4H candle closes, so the plan will be relevant if it closes at or below current levels.

[Paul Trader @p_traderpp]

If this doesn't hold, I'll expect a reaction to the weekly imbalance higher.There, I'll be monitoring the reaction and expecting a trend break not at 15M but at 4H. For long positions, the zone of interest hasn't formed yet.

[Paul Trader @p_traderpp]

Update @BTC #BTC The previous plan didn't meet expectations, and the imbalance didn't hold the price. I'll be watching the reaction to the 4H imbalance and the previous high. If I see a reaction on the 15M, I'll try looking for short positions on altcoins again.

[Paul Trader @p_traderpp]

Update @BTC #BTC The 4H candle hasn't closed yet, but so far it looks like liquidity is being removed from the upper boundary of the sideways trend. The red block is the zone where I would consider shorting altcoins.

[Paul Trader @p_traderpp]

Update @BTC #BTC The 4H candle hasn't closed yet, but so far it looks like liquidity is being removed from the upper boundary of the sideways trend. The red block is the zone where I would consider shorting altcoins.

[Paul Trader @p_traderpp]

Update @BTC #BTC We just missed the interest zone above and didn't test the imbalance. I'm concluding that this is a formed sideways trend and will monitor the reaction to its boundaries.

[Paul Trader @p_traderpp]

Update @BTC #BTC We just missed the interest zone above and didn't test the imbalance. I'm concluding that this is a formed sideways trend and will monitor the reaction to its boundaries.

[Paul Trader @p_traderpp]

Update @BTC #BTC Bitcoin failed to reach the target set for closing the pattern and broke through the descending channel. Therefore, I'm updating my plan and will wait and watch for a reaction from the red block with the question mark.

[Paul Trader @p_traderpp]

Update @BTC #BTC Bitcoin failed to reach the target set for closing the pattern and broke through the descending channel. Therefore, I'm updating my plan and will wait and watch for a reaction from the red block with the question mark.

[Paul Trader @p_traderpp]

Update @BTC #BTC The pattern is closed, the pattern is working out at the previous low. We also closed below the ascending channel. And we left an already confirmed imbalance above. And at the moment, there is still an unconfirmed (nearest) one.

[Paul Trader @p_traderpp]

I'm more inclined to favor the scenario of a test of the immediate and further decline.But I can't back up the idea that we'll go down without testing the first imbalance. For now, I'm just watching and waiting for a 5-candle low to form.

[Paul Trader @p_traderpp]

Update @BTC #BTC The pattern is closed, the pattern is working out at the previous low. We also closed below the ascending channel. And we left an already confirmed imbalance above. And at the moment, there is still an unconfirmed (nearest) one.

[Paul Trader @p_traderpp]

Update @BTC #BTC Right now, it looks like we're forming a head and shoulders pattern. This pattern plays out at the previous low. Therefore, I'd focus on whether we can close this pattern (consolidate below the neckline).