BTCUSDT - Above $65K or Below $50k...
Updated
Out of all the markets that I analyse, Bitcoin is the MOST volatile with liquidity pools being ran on minute in and minute out!
Looking at the weekly timeframe, it is evident that weekly buystops @ $65,000 did not manage to maintain the bullish nature of price action despite the huge psychological impact it is.
There is still inefficiencies in the delivery of bitcoin to the upside from $60,625 - $62538.75 where last week we managed to wick down there.
There could be the chance of a candle body closure inside of the region but for the time being, i will be sitting on my hands and awaiting more data
Looking at the weekly timeframe, it is evident that weekly buystops @ $65,000 did not manage to maintain the bullish nature of price action despite the huge psychological impact it is.
There is still inefficiencies in the delivery of bitcoin to the upside from $60,625 - $62538.75 where last week we managed to wick down there.
There could be the chance of a candle body closure inside of the region but for the time being, i will be sitting on my hands and awaiting more data
Note
Sitting on my hands with this one as there's not been any major movement so far.
Note
Looking possible that the draw to the weekly Sellside liquidity is more possible of being booked first than the weekly buyside.
Will be sitting on my hands awaiting for more data
Trade closed: target reached
Weekly lows has been swept.
Note
Weekly close
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