BTC - value rotation
Wasn't expecting this kind of speed, but pretty clean how that rotation played out (twice).
Breakout from value, then get back inside we expect rotation to the other side. Bounced on VAL (also 100 EMA on daily) and immediately tagged VAH again.
Clean break above VAH then we look for those npocs that are stacked above us. If we reject here it's back to poc 96.5k or VAL.
Expectation after this kind of event is more rotation and chop, repositioning. V-shape reversals happen but they usually happen in strong uptrends after a leverage flush, but aggressive spot flows being persistent.
Breakout from value, then get back inside we expect rotation to the other side. Bounced on VAL (also 100 EMA on daily) and immediately tagged VAH again.
Clean break above VAH then we look for those npocs that are stacked above us. If we reject here it's back to poc 96.5k or VAL.
Expectation after this kind of event is more rotation and chop, repositioning. V-shape reversals happen but they usually happen in strong uptrends after a leverage flush, but aggressive spot flows being persistent.
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Content in partnership with:
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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.