Hello traders,
I'm back from a much needed break over the past 7+ days.
No charts, no trading, no tradingview, no twitter.
I was planning on not returning until October 1st but the price action is too juicy and had to get back into it.
We seen Capitulation, then manipulation, and now we should see a squeeze to trap panic sellers using leverage.
$46,700 is an area of interest, it's also a good zone for market structure to be filled before anything else happens.
The downtrend formed a few days ago only has 2 validation points.
Everyone is shorting and panicking at the bottom, millions of liquidations over the past 24 hours.
Wouldn't surprise me if we pumped in the next 2 days, it seems like something bitcoin would do.
I'll be a seller at $46,700 if we reject, as the R/RR is good there.
Cheers, and have a great week.
Please like/comment to show your support, and if you'd like more TA in coming days going into the weekend.
👍
I'm back from a much needed break over the past 7+ days.
No charts, no trading, no tradingview, no twitter.
I was planning on not returning until October 1st but the price action is too juicy and had to get back into it.
We seen Capitulation, then manipulation, and now we should see a squeeze to trap panic sellers using leverage.
$46,700 is an area of interest, it's also a good zone for market structure to be filled before anything else happens.
The downtrend formed a few days ago only has 2 validation points.
Everyone is shorting and panicking at the bottom, millions of liquidations over the past 24 hours.
Wouldn't surprise me if we pumped in the next 2 days, it seems like something bitcoin would do.
I'll be a seller at $46,700 if we reject, as the R/RR is good there.
Cheers, and have a great week.
Please like/comment to show your support, and if you'd like more TA in coming days going into the weekend.
👍
Trade active
BTC price action has been above the 21 MA for the majority of the last 5 hours so wicks below this level probably get bought up as momentum shifts to the upside for a squeeze. If we see $46,700 retested (market structure aoi) this will start to look like a V-shape recovery
Trade active
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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.