$BTC I’m not looking to short BTC here I’m looking for the next high R long opportunity.
The reason I’m interested around $72.5K isn’t because it’s simply sitting between two levels.
Look at the displacement from the low $70Ks into the $80K area. That move left a large imbalance / liquidity void behind, and I’d like to see price revisit that inefficient area and fill at least a meaningful portion of it before the next leg higher.
That’s where the setup becomes interesting for me.
$72.5K is the area I’m watching for a potential long the bigger objective on this plan is around $100K.
So no, expecting a retracement doesn’t mean I’m secretly bearish
😂
I’m simply waiting for BTC to come back into an area where the risk/reward makes more sense for a longer-term position.
NFA. DYOR. Manage your risk.
#BTC #bitcoin
The reason I’m interested around $72.5K isn’t because it’s simply sitting between two levels.
Look at the displacement from the low $70Ks into the $80K area. That move left a large imbalance / liquidity void behind, and I’d like to see price revisit that inefficient area and fill at least a meaningful portion of it before the next leg higher.
That’s where the setup becomes interesting for me.
$72.5K is the area I’m watching for a potential long the bigger objective on this plan is around $100K.
So no, expecting a retracement doesn’t mean I’m secretly bearish
😂
I’m simply waiting for BTC to come back into an area where the risk/reward makes more sense for a longer-term position.
NFA. DYOR. Manage your risk.
#BTC #bitcoin
