BTC cleaned up some internal bad highs yesterday, just missing the npoc the we marked out. Immediate rotation back down to VAL followed once we accepted back in side VAH.
These levels are updated continuously as price develops and differ on each traded pair (since volume is different everywhere), so I treat them more as a small zone than actual levels.
Weekend price action so far showed continuation of the spoofing work that marked most of last week. If price can hold around these levels, I still think we can visit the higher POI and maybe sweep the bad highs.
If we lose VAL, all POIs are on the chart:
82k npoc / zone
77-79k OTE retracement, would clean up a lot of inefficient price action
74k lows sweep
These levels are updated continuously as price develops and differ on each traded pair (since volume is different everywhere), so I treat them more as a small zone than actual levels.
Weekend price action so far showed continuation of the spoofing work that marked most of last week. If price can hold around these levels, I still think we can visit the higher POI and maybe sweep the bad highs.
If we lose VAL, all POIs are on the chart:
82k npoc / zone
77-79k OTE retracement, would clean up a lot of inefficient price action
74k lows sweep
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.