BTC
Updated
Tbh, I don't really see longs for BTC. Liquidity from $45,000 has been gently collected, the fear and greed index has been shifted in a positive direction, so it's time to whisper the cherished two words in your ear — DUMP IT.
Also, an undisclosed gap on the CME speaks in favor of the short (yeah, I'm watching this too). Therefore, the first point at which I will shout 'I told y'all that!', will be around $40,500. My main targets is $37,500 and $33,000. And even when we come to these values, I still won't be sure that this is the bottom. The main liquidity is below the $28,800 level and i think that we'll go up only after we sweep it.
If you looking for a good speculative position with tight SL and huge RR - I have highlighted the area called H4OB. This is your point of interest. But please, you don't have to put up a limit bid at these prices like an idiot. Wait for confirmation on the lower timeframe and enter. No FOMO. The market will always give you the opportunity to earn some nice RR.
Good luck and Shaolin monks say that my Twitter is very cool.
Also, an undisclosed gap on the CME speaks in favor of the short (yeah, I'm watching this too). Therefore, the first point at which I will shout 'I told y'all that!', will be around $40,500. My main targets is $37,500 and $33,000. And even when we come to these values, I still won't be sure that this is the bottom. The main liquidity is below the $28,800 level and i think that we'll go up only after we sweep it.
If you looking for a good speculative position with tight SL and huge RR - I have highlighted the area called H4OB. This is your point of interest. But please, you don't have to put up a limit bid at these prices like an idiot. Wait for confirmation on the lower timeframe and enter. No FOMO. The market will always give you the opportunity to earn some nice RR.
Good luck and Shaolin monks say that my Twitter is very cool.
Note
'I told y'all that!'
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.