Price has hit the untested supply and it may reflect the demand zone and a great confluence is that it hit the resistance of the trendline that was not heavily respected on the support zone. Simple trade, keep the charts clear and beautiful and we can be profitable than ever.
on this pair you can see we are sitting on a lvl of structure @ 0.86725 however we are not making any progression away form it, this to me creates a liquidity pool below market because the more time price rejects the more people are inclined to buy this lvl as its deemed "strong" , this end up with lots of stops below a "strong" lvl. now as we know the market is...
I'm going to short btc because of the following reasons: - there is a lot of euphoria. - a lot of stoplosses to hunt. - lots of liquidations (if this move comes true) And a main reason is: The $12.000 resistance that's broken, is never tested in this rally to the upside. So i expect we'll see AT LEAST this level. From there, price might go lower. But that...
BTC has two untested levels that you could long and need to hold. If this is not holding 2500 is in play