As you can see on the BTC chart, we are forming a sweep of the LTF swing low level and then forms an MSS(Market structure shift) in the red line, that is a long setup for me, but i dont see a clear support level for this LTF setup, we could put in some swing failure pattern on the Order block and the downtrend continues, heading for the clearer support around 36K-38K also in confluence with the HTF Fib at 37K, or we could reclaim above 42K and trade higher. Multiple scenarios at play, and act accordingly on which will happen.
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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.