BTC SHORT? Maybe I have been looking at these charts for too long but this looks good to me. If nothing more then part of it completed. Technically it's too soon to consider this because if you look up still plenty of room, but without some retracement is unlikely to me. We are also about to enter2nd MM Killzone. We just tapped the ceiling so, tapping the floor seems logical. I am just messing around not risking much on this trade. Don't have to risk much if it even half is right. As of now we are still very much in an uptrend and we technically made a higher high which makes this trade about absurd and against the trend which is not the best thing to do in most cases. I opened the position cause something on a volume footprint chart that was out of place. It indicated to me we could reverse soon. This probably is not the smartest trade, but I have never been great at following the crowd. Even funding rates are positive and predicated rates are positive.
24500 Is a massive supply zone or resistance if you prefer. It has a ton or orders stacked there. 25000 is the heaviest looking at it from a market maker view. There is almost no support below volume or limit order wise. Below 23600 is empty at the moment it would move through there with haste if it gets there.
If this has already started by the time this is published you can always find a pull back and enter the new downtrend I believe is going to form. Lets see how it plays out. My long that just completed played out wonderfully. Wish I had published that one. I only published it private cause I had my personal levels on it I have since removed.
We just 10 seconds ago enter KZ2 I mentioned earlier. Lets se what happens and who gets taken out. Good luck. Looks like it already started, sorry for late post, but it could very well come back close to entry a few times yet. Oh and I know that's not the traditional way to use FIB levels, it's something I use just to mark areas of value. I use the volume profile more. Set TP at higher volume locations.
