It is obvious that liquidity will be injected into the market starting from Monday.
Since I observed that the direction of the week is generally opposite to the weekend in BTC, I thought that the liquidity on the downside could be taken first, but the price is stuck in a short range.
In such cases, it is very difficult to predict which liquidity will be attacked first. Therefore, I will try to short at 26.700 using a tight stop. I will ignore the idea of longing above 25,200 in case the decline continues.
Since I observed that the direction of the week is generally opposite to the weekend in BTC, I thought that the liquidity on the downside could be taken first, but the price is stuck in a short range.
In such cases, it is very difficult to predict which liquidity will be attacked first. Therefore, I will try to short at 26.700 using a tight stop. I will ignore the idea of longing above 25,200 in case the decline continues.
Note
You can see how accurate our analysis is.Note
I will not be shorting for a while in case I see a short liquidation.
Also, in the analysis which I added link of, I gave the level of 26,500, but it returned from 26,450, but it is a sufficient level of accuracy for BTC.
Note
The analysis above is a plan against a possible short liquidity hunt.Note
The price also went to the second second liquidity and declined. Now I will watch the price action.
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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.