BTC looks like it might be done, and so we can scalp this movement down to 47.3k which is our real support level underneath the majority of liquidity.
Expecting several bounces along the way.
Finally when we reach this level, we could have a strong bounce back into the 50's which would induce buyers into buying at a high price, once again.
Expecting several bounces along the way.
Finally when we reach this level, we could have a strong bounce back into the 50's which would induce buyers into buying at a high price, once again.
Note
Watching here on small timeframes so I can react quicker if things start to change. Always good in these circumstances, especially given the Daily candleNote
I am also considering something like thisNote
The above happened - 59.5k as suspected. Looks like a lot of bears liq'd now. Good time to hunt Monday liqNote
Doing break evens/small loss only on Shorts until we see confirmationNote
More buy absorption here confirming Distro at these levels
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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.