MARKET UPDATE
After price ranged for most part of the week we've seen an impulsive move to the upside pre NFP. Heading up into NFP News Release I still remain Bearish on BTC (But NFP will decide).
MARKET PROFILE
I'm viewing the market profile of this week as an ACCUMULATION, MANIPULATION & DISTRIBUTION Model. We've seen price Accumulate earlier in the week heading into Thursday, and the displacement on Thursday to the upside I'm viewing as a Manipulation into the daily key Supply Level so my anticipation is for NFP News Release to bring about the Distribution to the downside.
IN SUMMARY
This is only my view on BTC current price action and not a financial advice. You're free to share your opinion on this down in the comment.
After price ranged for most part of the week we've seen an impulsive move to the upside pre NFP. Heading up into NFP News Release I still remain Bearish on BTC (But NFP will decide).
MARKET PROFILE
I'm viewing the market profile of this week as an ACCUMULATION, MANIPULATION & DISTRIBUTION Model. We've seen price Accumulate earlier in the week heading into Thursday, and the displacement on Thursday to the upside I'm viewing as a Manipulation into the daily key Supply Level so my anticipation is for NFP News Release to bring about the Distribution to the downside.
IN SUMMARY
This is only my view on BTC current price action and not a financial advice. You're free to share your opinion on this down in the comment.
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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.
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.