BTC SCENERIOS
Updated
Hey traders,
Yesterday BTC broke through the bearish orderblock and snatched liquidity to move higher today.
Today, I've spotted a distribution on the lower timeframes:
If we do start to move downward, price will want to fill out the massive imbalance we created yesterday and then possibly move lower to fill out more imbalance or bounce higher to take out buyside liquidity.
As always, if you found my analysis helpful feel free to like and follow as I'll post daily crypto updates and analysis.
Happy Trading everyone!
Yesterday BTC broke through the bearish orderblock and snatched liquidity to move higher today.
Today, I've spotted a distribution on the lower timeframes:
If we do start to move downward, price will want to fill out the massive imbalance we created yesterday and then possibly move lower to fill out more imbalance or bounce higher to take out buyside liquidity.
As always, if you found my analysis helpful feel free to like and follow as I'll post daily crypto updates and analysis.
Happy Trading everyone!
Note
We just retested our lpsy and rejected it confirming our distribution into bearish price action! I personally put in a trade on the retest with a 1:10.5 RR targeting the lows of the imbalance.
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