ltf looks constructive, but honestly it depends a lot on what BTC does here going forward, like most alts.
Problem is that we are sitting right below previous year-long range low (orange line), longing here makes no sense to me.
We can look for a ltf entry though, run the lows at 2035, tag the small imbalance we left there. If we manage to keep the uptrend intact, a reclaim could give us an entry where we can take first partials on the htf s/r and at 2200 imbalance fill. Then leave a runner for if we fill the entire imbalances towards 2500.
Problem is that we are sitting right below previous year-long range low (orange line), longing here makes no sense to me.
We can look for a ltf entry though, run the lows at 2035, tag the small imbalance we left there. If we manage to keep the uptrend intact, a reclaim could give us an entry where we can take first partials on the htf s/r and at 2200 imbalance fill. Then leave a runner for if we fill the entire imbalances towards 2500.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.