I’m going to open a BIG LONG on $BTC here.
TP: $84,830
SL: $83,480
You know why I’m going LONG on BTC?
Because that big wick below the recent low wasn’t random. A lot of late buyers had their stops sitting there, $BTC went down, cleared them out, and then recovered back above the level almost immediately.
For me, that changes the setup.
The liquidity below has already been taken. Now a lot of shorts are getting comfortable after the dump, while their liquidity is sitting higher around $84,800.
That’s exactly where I think $BTC can move next.
First the late longs got trapped. Now I’m watching for the shorts to become the next target.
TP: $84,830
SL: $83,480
You know why I’m going LONG on BTC?
Because that big wick below the recent low wasn’t random. A lot of late buyers had their stops sitting there, $BTC went down, cleared them out, and then recovered back above the level almost immediately.
For me, that changes the setup.
The liquidity below has already been taken. Now a lot of shorts are getting comfortable after the dump, while their liquidity is sitting higher around $84,800.
That’s exactly where I think $BTC can move next.
First the late longs got trapped. Now I’m watching for the shorts to become the next target.