Short

BTCUSD

Updated

8hr Price Action showing the Retracement coming into the High of the channel, & Previous Monthly L's, also violating the Daily equal H's, & now has encountered an 8hr Bearish Engulfing which signifies the 8hr Bearish continuation is upon us. Which Price is also @ the Daily Bullish SnipZone, inside of Weekly Bullish IPA, & coming into Daily Structure & Internal Weekly TP's, below that the Weekly SnipeZone. Let's enjoy this ride down because Price is getting ready for a Massive continuation to the upside.

_SnipeGoat_

_TheeCandleReadingGURU_

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Note

Nothing's changed... What we're looking at now is 8hr Internal Bullish Price Action (Retracement), creating Bullish Structure. So until Price encounter BOS in this Internal Bullish Structure, Price is Bullish. Price just encountered a Bullish Engulfing, signaling another continuation in this Internal Structure.

I believe this Internal Structure is coming to an end due to the fact Price has rejected PML's & the Open of the Daily Bearish Engulfing that Price is trading inside of. I will look for Price to reverse after taking the equal Daily H's that Price has created.

TheeSnipeGoat

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