BitcoinShort
19-Oct-24
Since seeing the bullish rejection on 11-Oct, I have been expecting price to break down on this level to access this liquidity pool (orange magnet).
Despite this bearish outlook, price has continued to squeeze shorts.
Once the weak handed shorts are squeezed out, I think that uptrend will end, allowing price to fall down to breach into the liquidity pool at the orange magnet.
We could then expect a bounce back to the lower third of price action.
Despite this bearish outlook, price has continued to squeeze shorts.
Once the weak handed shorts are squeezed out, I think that uptrend will end, allowing price to fall down to breach into the liquidity pool at the orange magnet.
We could then expect a bounce back to the lower third of price action.
Note
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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.