SHORT SETUP (Swing) - MEDIUM/HIGH Confidence
This is not a new 
BTCUSD idea. This is just a cleaned up version of the idea I originally posted July 6, a week before my entry (31.85k) was hit.
The original chart was hastily put together, as I was in the middle of moving and just didn't have the time to properly clean up my TA, so that it makes sense to someone other than myself.
Why am I bearish?
1. High liquidity levels to attract BTC price like magnets.
2. Bearish divergence on stochastic
3. Market imbalances from 15k - 31.8k that need to be taken out.
Hope this chart is easier to understand, but feel free to shoot me Qs.
BTCUSD idea. This is just a cleaned up version of the idea I originally posted July 6, a week before my entry (31.85k) was hit. The original chart was hastily put together, as I was in the middle of moving and just didn't have the time to properly clean up my TA, so that it makes sense to someone other than myself.
Why am I bearish?
1. High liquidity levels to attract BTC price like magnets.
2. Bearish divergence on stochastic
3. Market imbalances from 15k - 31.8k that need to be taken out.
Hope this chart is easier to understand, but feel free to shoot me Qs.
Note
Cypher FTW. Who traded this?
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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.
Related publications
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.