BITCOIN, there's more to come...
Bitcoin has been correcting violently since 07 June.
It has fallen by 10% in the last few days.
And in my opinion, it's not over yet...
On this H4 chart, we can see that a number of liquidity zones have been recovered, with the last one at $65850 on 14 June.
But for me, there is still one last important area to liquidate before we can potentially start moving up again, and it is at $64540.
If we recover this area, we will at the same time be back in the HTF OTE zone, and we will also be filling an imbalance zone.
I find this setup very interesting.
So for the time being, I'm selling BTC, and I'm waiting to see how the price reacts in the zone I mentioned before potentially opting to buy.
Feel free to subscribe and boost this post if you liked my analysis.
Happy trading and have a good week :)
It has fallen by 10% in the last few days.
And in my opinion, it's not over yet...
On this H4 chart, we can see that a number of liquidity zones have been recovered, with the last one at $65850 on 14 June.
But for me, there is still one last important area to liquidate before we can potentially start moving up again, and it is at $64540.
If we recover this area, we will at the same time be back in the HTF OTE zone, and we will also be filling an imbalance zone.
I find this setup very interesting.
So for the time being, I'm selling BTC, and I'm waiting to see how the price reacts in the zone I mentioned before potentially opting to buy.
Feel free to subscribe and boost this post if you liked my analysis.
Happy trading and have a good week :)
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.