BITCOIN UPDATE
BTC yesterday closed with a strong bearish shooting star formation which pinned through the high of the previous week taking out all stop losses above the high then closing back below the high confirming a failed HH attempt, taking a look at the daily there has been 11 pins through the 2400 supply and every time the daily candle has closed back below this is a screaming sells in my opinion, we also have a potential weekly wick to fill to the downside.
If you look to the right chart on the LTF we can identify price is still stuck in the Asian session range id like to see a breakout to the upside and price come up and test the high of yesterday Asia session this is a zone of confluence and we will be monitoring with a close eye for a potential LH and short entry confirmations.
BTC yesterday closed with a strong bearish shooting star formation which pinned through the high of the previous week taking out all stop losses above the high then closing back below the high confirming a failed HH attempt, taking a look at the daily there has been 11 pins through the 2400 supply and every time the daily candle has closed back below this is a screaming sells in my opinion, we also have a potential weekly wick to fill to the downside.
If you look to the right chart on the LTF we can identify price is still stuck in the Asian session range id like to see a breakout to the upside and price come up and test the high of yesterday Asia session this is a zone of confluence and we will be monitoring with a close eye for a potential LH and short entry confirmations.
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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.