Since my previous BTC analysis price never provided any entry confirmations so no position was taken, yesterday we saw a strong bearish impulse on the intraday which took out multiple levels of structure, then hitting the low of the previous day and retracing all of the fall during the Asian session. (Remember i said yesterday about choppy PA at the end of the month 'squaring')
Now we have to acknowledge the Daily candle closed strong bearish with a potential wick to fill to the downside, price is now retesting the 4H supply zone in which price began the bearish move yesterday, i am favouring the market going short again here.
I would like to see the high of the previous day get taken and a nice reaction or this small range which the market is consolidating in on the 15M timeframe broken to the downside for entry confirmations, there has been liquidity engineered by those huge EQL lows.✅
Remember to wait for confirmations.🔥
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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.