$BTC UPDATE
The way yesterday's daily candle closure got me thinking. Closing as a bearish daily candle would have met my expectations for a strong bearish movement, but on a daily basis, 
BTC is still bullish but we are currently in Daily Supply range.
Yesterday we had 4H strong liquidation in Daily Supply + Strong Bearish momentum
The high 67.986 might get swept, then we might get a bearish momentum to look for confirmation shorts
OR
15m Supply in this 4H candle might hold and push the price to the 4H fractal low ( 64.773 )
I personally think that price will push higher to sweep the high but it is risky to take any trades before price showing its hand
BTC is still bullish but we are currently in Daily Supply range. Yesterday we had 4H strong liquidation in Daily Supply + Strong Bearish momentum
The high 67.986 might get swept, then we might get a bearish momentum to look for confirmation shorts
OR
15m Supply in this 4H candle might hold and push the price to the 4H fractal low ( 64.773 )
I personally think that price will push higher to sweep the high but it is risky to take any trades before price showing its hand
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.