Bitcoin Week Ahead | Liquidity Voids and News | Trading Plan
Asset: Bitcoin 
BTCUSDT.P
Timeframe: 4-hour
Context:
Bitcoin has been ranging around key level of 63179, between two Weekly Open-Close levels at 69104 and 56261.
HTF
At 1D it's going down a descending channel after it closed below the 50% of the 1D FVG and is currently retesting that level
LTF
It just broke a descending triangle pattern on the 4H with a target between the 50% on a Double Fair Value Gap (DFVG) at 62294 and the Weekly OC Key level 63179.
Week Ahead: News & Liquidity
Depending on how the price reacts to this area we might see:
I'm more inclined to the Bearish path due to the huge liquidity void below 56265 and the violation of the 50% on the 1D FVG. What do you think?
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Follow your own strategy: this is just my Idea, and I welcome other points of view in the comments.
BTCUSDT.P Timeframe: 4-hour
Context:
Bitcoin has been ranging around key level of 63179, between two Weekly Open-Close levels at 69104 and 56261.
HTF
At 1D it's going down a descending channel after it closed below the 50% of the 1D FVG and is currently retesting that level
LTF
It just broke a descending triangle pattern on the 4H with a target between the 50% on a Double Fair Value Gap (DFVG) at 62294 and the Weekly OC Key level 63179.
Week Ahead: News & Liquidity
Depending on how the price reacts to this area we might see:
- Bullish Plan:
Monday: Succesful Breakout above 63179, consuming the Bearish Liquidity Void.
Tuesday: Confirmation of Breakout and retesting the 4H -OB after PPI and Powel Speech.
Wednesday: Retest & Possible Continuation upwards after Core Inflation Data - Bearish Path: Monday: Rejecting 50% DFVG Level & retesting SSL along with 50% FVG bounce/retest.
Tuesday: Retest and Breakdown from 50% DFVG, heading for Bullish Liquidity Void below the 50% FVG after PPI and Powell SpeechWednesday: Volatility after Core Inflation Data possibly heading downwards to next resistance at 56261.
I'm more inclined to the Bearish path due to the huge liquidity void below 56265 and the violation of the 50% on the 1D FVG. What do you think?
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Follow your own strategy: this is just my Idea, and I welcome other points of view in the comments.
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