There is a large area of thin volume on the market profile of BTC's sudden drop over the past couple of weeks, possible stop hunting areas will be 2x the daily range than usual as volatility has increased.
A gap is visible in the CME 5day chart this would be a good area to trade long into and then short the top once filled, this also lines up with a 200D retest
A gap is visible in the CME 5day chart this would be a good area to trade long into and then short the top once filled, this also lines up with a 200D retest
Comment:
CME gap filled and 200D retest achieved, now we are trading under the 200D at a new level.
Comment:
Remember nothing good happens under the 200D, all traders should under stand this simple rule it has been well known for several decades dating back to Jesse Livermore and the likes.