Possible liquidity grab + Golden pocket + FVG.
If price does not just blast up to 50k.
Judging by the daily chart on market cipher showing that we likely have a drop coming.
I am looking for the 4 hr to grab the liquidity from the highs at around 44k and wick up into the golden pocket/786 fib area, which is also a fair value gab with an old high to the left so we know there will be break even TP's there, and I want to see this while market cipher prints a 4 hr divergence then seeing the moneyflow coming down.
And of course I will be looking at lower timeframes to analyse the probability of this 4 hour playing out as I expect it to.
Judging by the daily chart on market cipher showing that we likely have a drop coming.
I am looking for the 4 hr to grab the liquidity from the highs at around 44k and wick up into the golden pocket/786 fib area, which is also a fair value gab with an old high to the left so we know there will be break even TP's there, and I want to see this while market cipher prints a 4 hr divergence then seeing the moneyflow coming down.
And of course I will be looking at lower timeframes to analyse the probability of this 4 hour playing out as I expect it to.