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moreblue
Feb 12, 2022 10:54 AM

BTC broke market structure 

Bitcoin / U.S. dollarBitstamp

Description

BTC filled the imbalance on the higher timeframe. We broke market structure to the downside, indicating this market is ready to move lower. Looking for a sell opportunity if market retraces back to the red area.
Comments
metza24
how so?
moreblue
@metza24, The swing low on the 8th of February got broken, so we have a break in market structure. Notice how BTC made a high on the 8th, and a higher high on the 10th, but quickly reversed.
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