As we can see BTC has expanded into the range it is now consolidating in.
We have seen this structure play out before and we are now looking at a retracement for monthly open to position ourself short for the rest of June towards the previous swing lows
Looking to short anywhere between 31.5 to 33k on BTC
Invalidation: 34k
TP1 : SWEEP AT 25K
TP2: 20-22K
We have seen this structure play out before and we are now looking at a retracement for monthly open to position ourself short for the rest of June towards the previous swing lows
Looking to short anywhere between 31.5 to 33k on BTC
Invalidation: 34k
TP1 : SWEEP AT 25K
TP2: 20-22K
Note
BOTH TP'S WERE HIT AND ANALYSIS WAS PERFECT.
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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.