BTC: Ideal scenario to Sell off
Updated
As you can see, price is in a down trend's range and it's taking all the liquidity inside that range.
The last point where liquidity rest is in the rectangle called Daily FVG and Daily OB. If price is rejected when it reaches the Daily OB I shall seek confirmations in lower timeframes that adecuates to my trading model and going short 'til 24k.
Although everything can happens. Maybe price may make a new ATH and then goes to the FVG that rest at $22-24k or lower.
The last point where liquidity rest is in the rectangle called Daily FVG and Daily OB. If price is rejected when it reaches the Daily OB I shall seek confirmations in lower timeframes that adecuates to my trading model and going short 'til 24k.
Although everything can happens. Maybe price may make a new ATH and then goes to the FVG that rest at $22-24k or lower.
Note
What price did in this upward movement?It filled the Weekly FVG that was deliniated (W | pFVG) and reacted to go downwards now.
What price may do now?
It can go to take the liquidity above this Daily candle and try to reach the 50% of the Daily FVG or fill it completely; it can, as well, keep going downwards.
We just have to wait what price indicates us it wants to do.
Trade active
Hope you have taken the sell!Have an amazing week, traders!
Blessings!
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