BTCUSD Thesis
On weekly TF the past 3 weeks have been bearish wit price running into $7700 weekly OB. I do see BTC going for a slight recovery. My bias long-term is still bearish.
Wednesday candle has closed as a hammer at weekly OB signalling bullish momentum for recover has been confirmed and I will be expecting a push higher.
A judas swing formation has occurred inside $7700 weekly OB taking out early buyers (street money). Smart money traders pushed price higher. I would now like to see a pullback into 62% OTE/15min OB before a bullish rally to target level.
Trade active
Trade closed: stop reached
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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.