BTCUSD Perpetual ContractUpdated CAUTION ⚠️ Liquidity Sweep Incoming
Happy New Year everyone! I took a look at the chart today and found something very interesting. We are having a huge liquidity under 45500, which most likely is going to get swept, before we see a reverse and higher highs.
This just and idea of mine, wanted to warn you to be careful here and probably look for some entries at those.
I also wish you all the best in this year, stay safe, healthy and profitable!
This just and idea of mine, wanted to warn you to be careful here and probably look for some entries at those.
I also wish you all the best in this year, stay safe, healthy and profitable!
Note
On 1H timeframe we have formed a Diamond Pattern, which is a reversal pattern and broke to the upside. I expect now a continuing consolidation in the Flat Range (45500 - 52000). First we might reach 52000 and afterwards we might cut out all of the long positions stops in the 45000 area. Be careful!
Trade closed: target reached
As expected, we have seen a great liquidation candles of longs a perfect touch of the global support trendline at 43500 and a bounce of there. Short closed. Looking for long entries.
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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.