BTC/USDT – Intraday Reflection & Plan (15m, Ichimoku) by Riscora
Yesterday was a fantastic bullish day, but price never reached my planned long entry block — buyers were too strong for a proper retest.
At this stage, I believe the bullish impulse has run its course and we’re likely to see a sideways phase, as marked on my chart. I don’t expect new highs from here: the market is overcrowded with longs, and this rally needs to cool off.
My base case is that BTC consolidates in this range for a while, with price chopping back and forth to unwind the excess leverage.
I’ll be watching for signs of distribution: a rising wedge or a deeper pullback can’t be ruled out, but I’ll wait for clear signals from indicators and market positioning (especially long/short ratios).
For now, I plan to range trade this zone, but shorts are very risky — that’s a strong countertrend play. If you must short, use minimal size, because the uptrend is still powerful and I could be wrong.
Let’s watch how the structure develops.
#BTC #Crypto #Trading #Ichimoku #Riscora
At this stage, I believe the bullish impulse has run its course and we’re likely to see a sideways phase, as marked on my chart. I don’t expect new highs from here: the market is overcrowded with longs, and this rally needs to cool off.
My base case is that BTC consolidates in this range for a while, with price chopping back and forth to unwind the excess leverage.
I’ll be watching for signs of distribution: a rising wedge or a deeper pullback can’t be ruled out, but I’ll wait for clear signals from indicators and market positioning (especially long/short ratios).
For now, I plan to range trade this zone, but shorts are very risky — that’s a strong countertrend play. If you must short, use minimal size, because the uptrend is still powerful and I could be wrong.
Let’s watch how the structure develops.
#BTC #Crypto #Trading #Ichimoku #Riscora
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