BTC Daily looking really good, We put in a new high and filled in the imbalance on the 1h/4h chart. So I am expecting BTC to make another small move higher before retracing back to an old low, clearing out some Stop Losses and then moving higher. There is a strong area of buyside liquidity above the equal highs as shown in chart, so that is too good of an opportunity for the MM's to miss.
The daily Imbalance needs filling too, so I think there is a high chance we have another leg up before a retracement.
But... be aware that we may not get the retracment and we could continue to push through and attack all the old highs heading up to 69k. There is very nice daily trading volume which is a solid indication of the demand to buy and sell BTC. These are all healthy signs to me along side the healthy move higher we just had before the Imbalance occured.
I think that's enough said.
The daily Imbalance needs filling too, so I think there is a high chance we have another leg up before a retracement.
But... be aware that we may not get the retracment and we could continue to push through and attack all the old highs heading up to 69k. There is very nice daily trading volume which is a solid indication of the demand to buy and sell BTC. These are all healthy signs to me along side the healthy move higher we just had before the Imbalance occured.
I think that's enough said.