-Currently selling to 40k-38k, from where 44.6k & 43.6k was nice sell entries. Now would like a retest of 42k on light demand to look for another sell entry. Being currently into also an accumulation on the smaller time frame, which I assume being the leg of the big accumulation between 30k & 60K, I do expect a rise back to the upper part of the range, being 60k.

This idea is only to show where I see the market being right now, and present the scalp opportunities of a sell to 40k-38k & catching buys from this zones which I believe could be the soon mark-up that is about to begin, or just an opportunities to catch some nice buys to 44k-46k, depending ones trading style.

4 hrs & 1 hrs

Weekly

Monthly
January closed at 33k showing supply absorption signaling heavy buying there, after 3 months of downtrend on increasing supply volume . For then having last month closing with a pretty good amount of demand emerging considering the months of supply dominance before that. Even if the result of it did show still some good selling volume presence as well. As I said into one of my last ideas, and many times before, I’ve been expecting/reading an accumulation forming, playing into the 30k-60k range. I would have wanted to make a chart showing that accumulation on the monthly being more precise, but I don’t feel like erasing this one. So I found one of a couple of days ago, on which I would like to point out about the January close.

-> The orange writing is the one important here. And the arrows are only so I can put an ‘image’ of an scenario I am expecting.

For the month January, I am suspecting that it could be, and it does have the characteristic, of it being a spring formation, just not having it looking like usual ones.
-Spring =price move below the support level of a trading range that quickly reverses and moves back into the range. ; Which the quick reverse from heavy supply to the demand that appeared last month being also a characteristic.