TradrzHQ

XBT/USD May be creating liquidity for a big move upwards

Long
BITMEX:XBTUSD.P   Bitcoin
This is a highly experimental idea, not something to base your trades off.


As you can see on the 4H chart, we've made some really thin moves with little to no stops in between. I'm not sure if this is the end of it, we may see some more expansion downwards, BUT when it finishes, in case we start going back up it may be a fast and explosive move, maybe to retest that upper (green) range boundary that we've been stuck in since early September for the millionth time.

Original idea by Svarog

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.