BTC Update - 10.02.2024 / Long confirmed
4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
Related publications
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.