đEVERY TIME I BUY BITCOIN, I LOSE MONEY $BTC
Bitcoin just reversed on us at UTC midnight and went for sell-side liquidity. Thus, anything that goes up quickly has to retrace with the same magnitude. But the bulls are still in control.
Why s the bulls still in control?
The daily candle closed above 84k, indicating a market structure shift, which is highly bullish..
If price were to find support around the 50% level of the last up legs between 82330 & 81700, which would be an optimal trade entry for long, especially with that level being a liquidity area for shorts to be taking profits, a consolidation in that area could send price much higher.
But what if the bears took control at those levels?
Then we should expect a daily close below that level indicating weakness inside that FVG the close is supposed to be below 81990 for further weakness
#TradingCommunity #TradingSignals #bitcoin
Bitcoin just reversed on us at UTC midnight and went for sell-side liquidity. Thus, anything that goes up quickly has to retrace with the same magnitude. But the bulls are still in control.
Why s the bulls still in control?
The daily candle closed above 84k, indicating a market structure shift, which is highly bullish..
If price were to find support around the 50% level of the last up legs between 82330 & 81700, which would be an optimal trade entry for long, especially with that level being a liquidity area for shorts to be taking profits, a consolidation in that area could send price much higher.
But what if the bears took control at those levels?
Then we should expect a daily close below that level indicating weakness inside that FVG the close is supposed to be below 81990 for further weakness
#TradingCommunity #TradingSignals #bitcoin