G'day everyone
Looking at BTC again this morning.
Honestly, not much has changed since our update yesterday. The volume hasn't been there to push us in either direction, but the daily close hasn't been too promising.
It's looking like we're still descending for the moment making another LH on the close and failing to even close closer to that upper Supply Zone.
Our indicators are still ranging towards the downside and general market structure supports this. I'm still noticing a lot of bullish sentiment on the socials and tradingview itself, but I'm not seeing any sort of confirmation that we will continue in that direction until we can at least test the waters around that 10k mark and beyond.
I'm largely planning on downwards momentum to continue. The first AOI I've got for that would be 9k - 8800, where we have our Daily pivot.
A move to the downside is largely required after the run we've had, but knowing BTC, I've got plans in place in case the big guys want to push this higher to grab some last liquidity.
Looking at BTC again this morning.
Honestly, not much has changed since our update yesterday. The volume hasn't been there to push us in either direction, but the daily close hasn't been too promising.
It's looking like we're still descending for the moment making another LH on the close and failing to even close closer to that upper Supply Zone.
Our indicators are still ranging towards the downside and general market structure supports this. I'm still noticing a lot of bullish sentiment on the socials and tradingview itself, but I'm not seeing any sort of confirmation that we will continue in that direction until we can at least test the waters around that 10k mark and beyond.
I'm largely planning on downwards momentum to continue. The first AOI I've got for that would be 9k - 8800, where we have our Daily pivot.
A move to the downside is largely required after the run we've had, but knowing BTC, I've got plans in place in case the big guys want to push this higher to grab some last liquidity.
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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.
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.