From the daily overview of 
BTC's price action, BTC has taken out a lower high which depicts a CHoCH (Change of Character).
From micro timeframes overview, we seeBTC taking out highs as seen on the recent price action where BTC took out the high on 39250 and 40441. So, I'm still bullish on BTC and I believe this is only but a retracement for a bigger move.
Price action is currently approaching the support level on 38330 where a bullish OB is seated. The presence of imbalance validates this OB. I strongly believe we will see a reversal whenBTC gets to the the 38330 support level
DISCLAIMER: This is only my view of price action not a financial advice!
BTC's price action, BTC has taken out a lower high which depicts a CHoCH (Change of Character).From micro timeframes overview, we see
BTC taking out highs as seen on the recent price action where BTC took out the high on 39250 and 40441. So, I'm still bullish on BTC and I believe this is only but a retracement for a bigger move.Price action is currently approaching the support level on 38330 where a bullish OB is seated. The presence of imbalance validates this OB. I strongly believe we will see a reversal when
BTC gets to the the 38330 support levelDISCLAIMER: This is only my view of price action not a financial advice!
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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.