- Bitcoin chart looks fairly bullish in both the weekly and daily timeframe, nonetheless we're at key weekly levels.
- Above market we have the weekly IFVG and below we have a D1 IFVG and recent FVG which is bullish for me at least short term.
- If this D1 FVG fails I'd expect lower prices to the next key levels.
$ETH Top Down Analysis
- Ethereum is another story. Even with a strong pullback the chart still leaning bearish to me.
- The close of this week will leave us with a weekly FVG above market and Relative Equal Lows below market. Which can set the stage for a move lower.
- If higher price are to hold, I'd prefer to see a quick V-shape move rather than a High Resistance Liquidity Run.
1. Consolidation Monday through Wednesday. 2. On Thursday price runs the intra week low and into HTF Discount Array and rejects it. 3. Confirmation after a 4H CISD or H1 MSS. 4. Expect expansion on Thursday and Friday.
HIGH PROBABILITY FRIDAY:
In this profile we can expect Friday to be a high probability day (Expansion) if the weekly target has not been reached.
We often form a small range day or pullback on Friday but in this profile the expansion phase is reserved for Thursday and Friday.
TUESDAY AND WEDNESDAY:
Both Tuesday and Wednesday can be down days moving into the HTF Discount Array.