oloboy117

The Volume Profile is very good at finding pivot points based on large volume (clusters like I call them). As we can see the cast pivot was exactly at the cluster around 25k and the price just touched it. The last pull back tho was a different story from the current one because 25k was the previous high and had a cluster at the same level. This high was quiet low compared to the last two (percentage based) and there isn't a high to support the low. While looking at the chart I came to the conclusion that if the 28k cluster does not hold the down volume we are going to 25k where a lot of people would be faked out by the price movement and would sell. This will create a good level to buy everything people are willing to sell. All we are supposed to do is wait and see the big players moves and join them in their endeavors. There might be a 123 pattern at the current low so stay safe and trade smart.

Waiting for a explosive move around the 0.5 or 0.618 levels. The explosion should be to around the 40k level (it would have been lower in percentage but because the last move didn't hit the level it should have based on Elliott Wave BTC is gonna have to catch up)