BTC - Bullish target to 17200 before short back down to 17000
Guys,
Easy peasy.
Liquidity levels are painfully obvious. Price had a strong bullish move to the upside. We got a reversal back into the order block of the bullish move. We expect the move to continue up to liquidate short positions.
The liquidity line is obvious. It is exactly where the previous bullish structure left off before the big drop down.
Price will immediately course correct back into the bullish order block it just created to take additional liquidity to the downside.
This is becoming a pretty clear ABC correction, which I believe will ultimately end just a hair below 16800, which is the last bullish order block in the lows of the entire trading structure before we start a very strong move to the upside again.
I will have a video up shortly explaining EXACTLY what is going on here and why price is doing what it's doing.
The stop loss on this move is just outside of the previous bullish order block, which would fully invalidate this idea.
Easy peasy.
Liquidity levels are painfully obvious. Price had a strong bullish move to the upside. We got a reversal back into the order block of the bullish move. We expect the move to continue up to liquidate short positions.
The liquidity line is obvious. It is exactly where the previous bullish structure left off before the big drop down.
Price will immediately course correct back into the bullish order block it just created to take additional liquidity to the downside.
This is becoming a pretty clear ABC correction, which I believe will ultimately end just a hair below 16800, which is the last bullish order block in the lows of the entire trading structure before we start a very strong move to the upside again.
I will have a video up shortly explaining EXACTLY what is going on here and why price is doing what it's doing.
The stop loss on this move is just outside of the previous bullish order block, which would fully invalidate this idea.
Comment:
This is an extremely low risk and high return probability trade.
