Very flat PA today so far during the LDN session on BTC. We can identify on the LTF price is still stuck inside the Asian range moving in this small ascending triangle formation. On the 1D TF we still have that wick of the previous day to potentially fill to the upside and since the massive bearish impulse which broke multiple levels of structure. I do favour a corrective move to potentially come into the zone of confluence at the previous trendline support & 0.50 Fibonacci. Before we see more bearish momentum.
However there is very little buying volume right now and no confirmations for an entry in either direction according to our rules yet. Monitoring PA as we approach the NY crossover.
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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.