Good evening, ladies and gentlemen. Today we are going to take a look at Bitcoin.
First of all, we need to say that Bitcoin is in a bearish movement. No matter how hard he tried to rise, the sellers wanted to torture him a little bit. After we had seen a major break of market structure (CHoCH), our asses started playing out the bearish scenario. We have seen a strong downtrend with the zone (zones of supply), which were left above for Big Money to take more shot positions. As soon as we touched the SMT Trap zone (this is a fake zone, where SM Traders take the position and get stopped out), we saw another bullish bos, after which the asset went up. But this doe not last long and we pulled back to create a new low. Right now we are spending some time gaining new positions to make a move up. Unfortunately, the liquidity, which is left below, is telling us about another pullback. Right now the a lot of buyers were stopped out and liquidated.
We do not recommend you to take long positions, because market situation is not safe for us right now. Certainly, we could see a breakout, but this would not last for long. But you should now worry about the current situation. If the market structure changes, we will let you know the possible entry zones for scalp or swing trades. Keep safe. By order of the Peaky Blinders.
First of all, we need to say that Bitcoin is in a bearish movement. No matter how hard he tried to rise, the sellers wanted to torture him a little bit. After we had seen a major break of market structure (CHoCH), our asses started playing out the bearish scenario. We have seen a strong downtrend with the zone (zones of supply), which were left above for Big Money to take more shot positions. As soon as we touched the SMT Trap zone (this is a fake zone, where SM Traders take the position and get stopped out), we saw another bullish bos, after which the asset went up. But this doe not last long and we pulled back to create a new low. Right now we are spending some time gaining new positions to make a move up. Unfortunately, the liquidity, which is left below, is telling us about another pullback. Right now the a lot of buyers were stopped out and liquidated.
We do not recommend you to take long positions, because market situation is not safe for us right now. Certainly, we could see a breakout, but this would not last for long. But you should now worry about the current situation. If the market structure changes, we will let you know the possible entry zones for scalp or swing trades. Keep safe. By order of the Peaky Blinders.