POTENTIAL SHORT ON BTC | POSSIBLE BEARISHNESS
Updated
THOUGHTS | CONFLUENCES
1. Price has approached big time supply/ Orderflow @44400.00
2. The aggressive push to the upside might most likely be to induce liquidity @25000.00
3. Price is overbought.
4. A daily candle close beneath 43000.00 will be an extra-confluence
5. A break above 48000.00 will signify longer-term bullishness
6. In the case of a bearish event, we might see 15500 play out. (PS: There are so many roadblocks to be broken before this)
DISCLAIMER: THIS IS JUST A TRADE IDEA, YOU ARE RESPONSIBLE FOR WHATEVER YOU DO WITH IT. POSTING THIS IDEA DOESN'T MEAN I'M TRADING THE IDEA, THINGS CAN CHANGE ALONG THE LINE THEREBY CHANGING MY DECISION ABOUT MY BIAS (I AM RESPONSIBLE FOR WHATEVER I DO WITH IT).
1. Price has approached big time supply/ Orderflow @44400.00
2. The aggressive push to the upside might most likely be to induce liquidity @25000.00
3. Price is overbought.
4. A daily candle close beneath 43000.00 will be an extra-confluence
5. A break above 48000.00 will signify longer-term bullishness
6. In the case of a bearish event, we might see 15500 play out. (PS: There are so many roadblocks to be broken before this)
DISCLAIMER: THIS IS JUST A TRADE IDEA, YOU ARE RESPONSIBLE FOR WHATEVER YOU DO WITH IT. POSTING THIS IDEA DOESN'T MEAN I'M TRADING THE IDEA, THINGS CAN CHANGE ALONG THE LINE THEREBY CHANGING MY DECISION ABOUT MY BIAS (I AM RESPONSIBLE FOR WHATEVER I DO WITH IT).
Comment
If today's daily candle (11/12/23) closes beneath 43K, it will be an added confluence to the bearish idea.
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