$BTC is still unable to reclaim the Bearish OB on 4H.
Earlier today, we saw a sweep of the current highs followed by a pretty strong rejection, and now it seems like bears are starting to take control from here.
Front-running the liquidity at the Previous Monthly Range High (82.8K) wouldn’t be unusual either.
A lot of late longs will get trapped here, while the usual “sweep the highs and short” setups will end up getting front-ran.
I know everyone is expecting 82.8K to get swept before any meaningful downside and that’s exactly why I wouldn’t be surprised if the market does the opposite.
The POI to the downside remains the same.
Waiting for price to tap into that area so I can trigger a Short-Term Swing Long from there and add the remaining 30% into my Spot Bag.
Let the late longs provide the liquidity.
Earlier today, we saw a sweep of the current highs followed by a pretty strong rejection, and now it seems like bears are starting to take control from here.
Front-running the liquidity at the Previous Monthly Range High (82.8K) wouldn’t be unusual either.
A lot of late longs will get trapped here, while the usual “sweep the highs and short” setups will end up getting front-ran.
I know everyone is expecting 82.8K to get swept before any meaningful downside and that’s exactly why I wouldn’t be surprised if the market does the opposite.
The POI to the downside remains the same.
Waiting for price to tap into that area so I can trigger a Short-Term Swing Long from there and add the remaining 30% into my Spot Bag.
Let the late longs provide the liquidity.
