BTC - 100k next?
Our small local range is getting quite saturated here, with all lows swept, orderblocks tagged and npocs retested.
Since price failed to break down even though there were multiple opportunities to do so, our assumption is that we will start tagging npocs and imbalances above us.
Once there, we need to see if the single prints and orderblock around 105k will give us a short setup or if we clean up higher first.
Ideally we hold 96k from here, if not I'm expecting more chop and maybe another attempt at making a new low here.
Since price failed to break down even though there were multiple opportunities to do so, our assumption is that we will start tagging npocs and imbalances above us.
Once there, we need to see if the single prints and orderblock around 105k will give us a short setup or if we clean up higher first.
Ideally we hold 96k from here, if not I'm expecting more chop and maybe another attempt at making a new low here.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.