Ride Euro up and Down. The last uprise of the Euro last week ended at a critical resistance level. I expect Euro to fall and continue the downtrend this week till it takes the liquidity at 0.97132 (RED rectangle) where we can see another surprise.
After taking the liquidity at $20460 and breaking the previous lower high of $18460, I expect $BTC to take the liquidity at $20050 and go ahead to break $18k downwards. But I am taking a profit at $18463 to trade safely.
This is a short-term trade. After the blow-off of BTC on Sunday, there was a quick sell-off taking liquidity at 19101 making that point a valid low in the short term. Today BTC broke the Sunday high, 19425 continuing to the upside. I am taking a quick scalp expecting BTC to attempt and take liquidity at 19240 before continuing to rise to 20K. Let me know your...
As BTCUSDT has already broken $67000 causing a break in market structure to the upside, $69000. I reason that BTCUSDT falls to the inducement low of this structure at $59500 before continuing the upward movement. In futures, I hope to take profit at $69000. Let me know your thoughts in the comment.
On short term, we should see BTCSTUSDT pump up to $54 but it faces strong resistance at $57.2 due to major liquidity. Therefore, checking the daily timeframe , I reason that BTCSTUSDT could fall to $22 after pumping to $54. Since BTCSTUSDT already made a break structure to the downside around $37 I expect it to dip to $22, after it's short term pump, before...