Welcome Back to the start of yet another Beautiful Trading week, Gang we are here viewing BTCUSD and we are indeed looking for sells, On the higher time frame (4hr) we can see how price jacked up to where its at currently and we can infer that it will be filling in that imbalance, which means price will be trading lower that and with much anticipation of that halvening coming in shortly at 10-11 days from now, im sure it will be dropping a bit. before rocketing back up. This and with the talk about the indicies falling back this week potentially to the all time lows of last month is the anticipation we have looking at BTCUSD today. Gang we will be viewing this closely but here is my clean analysis on the matter.
All lines are 50% fibb level institutional candles the green lines are where price bought off the 50% of the institutional candle and never touched that area again. The orange lines are 50% fib level institutional candles that price traded both below and above that level making it a neutral zone.
Last but not least the Wine Red lines are where price sold off the 50% institutional candle and never touched back. This way we have an accurate zone of where price can touch and go to next. We will be using this same method in every single Chart analysis we do this week. LET THE GAMES BEGIN!!.
All lines are 50% fibb level institutional candles the green lines are where price bought off the 50% of the institutional candle and never touched that area again. The orange lines are 50% fib level institutional candles that price traded both below and above that level making it a neutral zone.
Last but not least the Wine Red lines are where price sold off the 50% institutional candle and never touched back. This way we have an accurate zone of where price can touch and go to next. We will be using this same method in every single Chart analysis we do this week. LET THE GAMES BEGIN!!.