I’m going to open a LARGE LONG position on $BTC.
TP: $84,830
SL: $83,480
Do you know why I’m going LONG on BTC?
Because the long candle wick below the recent low wasn’t random. Many late buyers had placed their stop-loss orders there. $BTC dropped to sweep those orders, then almost immediately recovered back above that level.
For me, that changes the trade setup.
The liquidity below has been swept. Now, many people are comfortably opening short positions after the crash, while their liquidity is sitting above, around $84,800.
That’s exactly where I think $BTC could head next.
First, late buyers got trapped. Now I’m waiting for the short sellers to become the next target.
#BTC
TP: $84,830
SL: $83,480
Do you know why I’m going LONG on BTC?
Because the long candle wick below the recent low wasn’t random. Many late buyers had placed their stop-loss orders there. $BTC dropped to sweep those orders, then almost immediately recovered back above that level.
For me, that changes the trade setup.
The liquidity below has been swept. Now, many people are comfortably opening short positions after the crash, while their liquidity is sitting above, around $84,800.
That’s exactly where I think $BTC could head next.
First, late buyers got trapped. Now I’m waiting for the short sellers to become the next target.
#BTC