BTCUSD
is breaking out of its structure. We can see a very messy double top but more important is the structure and it's location. I expect price to go down to at least the 3750 level and maybe the 3500 level.
The ICT disciples are located at the 3750 level so there might be another bounce but I expect them to get rekt.
Mind you, these are short term trades; take profit at the 3750 level (that is +/- $400 per
BTCUSD
) and be very careful at the 3500 level as there are a lot of buy orders over there. Trade safely...
Trade active:
You can see how price stalled at the 4100 level as bulls started buying but it looks like the bears are defending and holding the 4175 level. This is a good place to add to your position or enter if you did not enter yet.