Bitcoin- Hedge/short at this area
I think the $6.2-6.4k area is the top for this cycle now. I am looking to sell the area and will scale-in the area in two parts.
This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of 3k.
The target for this trade will be 5.1k and 4.1k. Might seem far off... But will see how price reacts to the level at 5.1k first.
IF we bust through this zone like hot knife on butter, then I am wrong and will get stopped. Simple as that.
This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of 3k.
The target for this trade will be 5.1k and 4.1k. Might seem far off... But will see how price reacts to the level at 5.1k first.
IF we bust through this zone like hot knife on butter, then I am wrong and will get stopped. Simple as that.
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