BITCOIN
Potential intraday setup lining up - price is over extended after the recent rally and is consolidating just below a Daily supply zone. On the LTF we can identify a beautiful double bottom formation with a large area of liquidity and imbalance underneath - IF price pushes to the high of the week I will be looking for potential short entry confirmations from a LTF perspective.
Setup INVALIDATED if price breaks Asia low first
Potential intraday setup lining up - price is over extended after the recent rally and is consolidating just below a Daily supply zone. On the LTF we can identify a beautiful double bottom formation with a large area of liquidity and imbalance underneath - IF price pushes to the high of the week I will be looking for potential short entry confirmations from a LTF perspective.
Setup INVALIDATED if price breaks Asia low first
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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.