As we can see btc has broken out of the range displacing below major support level on the daily and closing below the standard 20% deviation range specified by the fib retracement.
That shows significant bearish momentum and it is a clear sign of that the price is going for the inner liquidity in these large daily gaps that I have marked out as a one area.
I expect the price to take out all the unswept liquidity possibly reaching prices like 61-64k in the upcoming days/weeks, after that I expect a trend reversal and a break out to the upside.
That shows significant bearish momentum and it is a clear sign of that the price is going for the inner liquidity in these large daily gaps that I have marked out as a one area.
I expect the price to take out all the unswept liquidity possibly reaching prices like 61-64k in the upcoming days/weeks, after that I expect a trend reversal and a break out to the upside.
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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.