infamous7

Has anyone looked at the monthly charts?

Short
infamous7 Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
After reviewing the monthly chart, I made an observation: Bitcoin has indeed filled the monthly fair value gap (FVG), which explains the recent deceleration in momentum. Now, it remains to be seen whether we will experience a breakthrough or a retracement to our monthly discount zone. Coincidentally, within the discount zone, I've identified a monthly Balanced Price Range (BPR), indicating overlapping fair value gaps. Additionally, there's a breaker block present. With these elements in play, the potential for a significant move exists, potentially catalyzed by a news event.
Trade active:
took a short at the 15min BPR if you zoom in, let's see where we retrace. I'm just targeting the nearest liquidity.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.