I am not sure how long this pullback on BTC will last, but it is a weak construct. It was a frontrun of the pwPOC, which is the next relevant level. In my rulebook it doesn´t count as a hit, it is just a frontrun. Price going up, OBV going down, that´s only a short covering rally imo (shorts taking profits leading to higher prices). There is a proper fib pull in my chart, the only one which makes sense atm. I am setting an alert at the mOpen and .5 in case they get hit. Would make sense to look for a short at resistance after the local 4 hr high got taken. I am not so interested in taking a short locally. Anyways, wanna see more downside and 76350 keeps staying on my list. Afterwards 72400 and then 67800.
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If you want to receive signals or learn trading, this is the place for you:
discord.gg/KT8hWZ4pfP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.