BTC Update - 25.01.2024 / Short setup
4 hour chart:
I am observing the complete nucleation of a downside oof through liquidity withdrawal, rebalancing into FVG zones and internal liquidity withdrawal!
POIs from which to consider continuing shorts on bitokin:
1. From current (High risk but technical factors are all respected, there is rebalancing into 0.5 moves and daily imbalance with ind withdrawal)
2- Imbalance (43927.7 - 45460.2): More justified entry, but not completely sure if price is rebalancing into this POI.
From targets all compression from the lows (37468 - 33224) and monthly FVG as FTA (34076 - 27480)
Still observing patterns to enter, local accumulation phase in the market today!
❗️ Not financial advice, always think with your head
I am observing the complete nucleation of a downside oof through liquidity withdrawal, rebalancing into FVG zones and internal liquidity withdrawal!
POIs from which to consider continuing shorts on bitokin:
1. From current (High risk but technical factors are all respected, there is rebalancing into 0.5 moves and daily imbalance with ind withdrawal)
2- Imbalance (43927.7 - 45460.2): More justified entry, but not completely sure if price is rebalancing into this POI.
From targets all compression from the lows (37468 - 33224) and monthly FVG as FTA (34076 - 27480)
Still observing patterns to enter, local accumulation phase in the market today!
❗️ Not financial advice, always think with your head
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