BTC 4 Hours with interesting order blocks for the bulish continuation trend.
Candle number 48 is a inside bar and candle number 51 is a shaved hair waiting to end like a morubozu and hitting the bottom of the channel in orange and respecting it.
If we lose these level we can lose the bulish momentum
Candle number 48 is a inside bar and candle number 51 is a shaved hair waiting to end like a morubozu and hitting the bottom of the channel in orange and respecting it.
If we lose these level we can lose the bulish momentum
Note
BTC has lost the trendline in orange of the bullish leg and is hitting the VWAP anchored at the 1st pivot of this leg. Tha is a good place to go long waiting for some bulish candle formation.If it does not respect this VWAP price level, black line, the next area of interest is at 65,300. If it breaks there, we will be a break of the structure of this bullish momentum.
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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.