BTC expectations
Updated
BTC on 1D timeframe. There's an SSL and OB below, if the price reaches that OB, I'm buying and targeting the BSL above.
BTC on 1M timeframe. Currently, the price is bouncing off of a bullish OB targeting the buy-side liquidity above and potentially could reach a mean threshold of the FVG which could be interpreted as a retest of the double top formation.
In conclusion, locally it's a potential buy, but globally I would wait a retest of the double top formation and short from there targeting the 12-15k level.
BTC on 1M timeframe. Currently, the price is bouncing off of a bullish OB targeting the buy-side liquidity above and potentially could reach a mean threshold of the FVG which could be interpreted as a retest of the double top formation.
In conclusion, locally it's a potential buy, but globally I would wait a retest of the double top formation and short from there targeting the 12-15k level.
Note
Took a lot of time, nevertheless the price was delivered, now waiting for a 35k-37k region for a potential global short as outlined.Note
Hello guys, I would like to see a continuation higher from OB towards the 35-37k region, a break below(bodily close) the key level invalidates the idea.
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.