BTC - Ranges overview
Here is a quick insight into BTC.
You'll notice how the 1H inverted FVG played nicely and sent prices toward the sellside liquidity as we failed to create new highs.
The idea and market structure was extra confirmation for the ETH short posted earlier.
Let's see where we go from here...
IF we break the current lows expect the market to continue lower towards 58K
IF we fail to break the lows we should expect the market to hunt the buyside liquidity and reclaim 61K to eventually target 62K-63K.
No need to start pilling up orders...BE PATIENT...LET THE MARKET SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
You'll notice how the 1H inverted FVG played nicely and sent prices toward the sellside liquidity as we failed to create new highs.
The idea and market structure was extra confirmation for the ETH short posted earlier.
Let's see where we go from here...
IF we break the current lows expect the market to continue lower towards 58K
IF we fail to break the lows we should expect the market to hunt the buyside liquidity and reclaim 61K to eventually target 62K-63K.
No need to start pilling up orders...BE PATIENT...LET THE MARKET SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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.