With bitcoin developing inside this Parallel Channel since November 2024. We observe the sell side liquidity being taken on 25th Jan which triggers an automatic reaction to complete the Wyckoff cycle. I will be looking short towards the low of the structure as a target but keep in mind the weekly demand sat at 69k.
this short is a build up for the next leg up. "We are not in a bear market. think of this as a necessary correction!"
Please bear in mind that this is not financial advice. I am only sharing my analysis and observations🫡
Happy hunting!
this short is a build up for the next leg up. "We are not in a bear market. think of this as a necessary correction!"
Please bear in mind that this is not financial advice. I am only sharing my analysis and observations🫡
Happy hunting!
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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.
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.