Hey traders,
Recap-I decided to make an update on my BTC analysis from yesterday, as some things have changed. BTC bounced and went up to reject our bearish order block as I had predicted, and then went to test it again where it price was rejected lower again.
I believed that price would make a sharper move downward, but today noticed that that price was rejecting the green level, because of a bullish orderblock created on June 27.
I still believe that BTC will move much lower as the previous order is most likely already mitigated and we have multiple lower timeframe imbalances indicating that we want to be bearish.
This analysis is probably my most in depth so far, and I would appreciate any feedback. Like and follow for more detailed analysis and updates, and as always happy trading!
Recap-I decided to make an update on my BTC analysis from yesterday, as some things have changed. BTC bounced and went up to reject our bearish order block as I had predicted, and then went to test it again where it price was rejected lower again.
I believed that price would make a sharper move downward, but today noticed that that price was rejecting the green level, because of a bullish orderblock created on June 27.
I still believe that BTC will move much lower as the previous order is most likely already mitigated and we have multiple lower timeframe imbalances indicating that we want to be bearish.
This analysis is probably my most in depth so far, and I would appreciate any feedback. Like and follow for more detailed analysis and updates, and as always happy trading!
