MARKET PHASE
BTCUSD
is in a weekly uptrend, and is currently undergoing a daily timeframe expansion as well.
AREA OF VALUE
We can expect a volatility contraction which will form a corrective structure. This corrective structure will create sell side liquidity below it's lows (sell stops, shorts, stop losses).
TRADE
No trade. Wait for a corrective structure and creation of lows and liquidity.
BTCUSD
is in a weekly uptrend, and is currently undergoing a daily timeframe expansion as well. AREA OF VALUE
We can expect a volatility contraction which will form a corrective structure. This corrective structure will create sell side liquidity below it's lows (sell stops, shorts, stop losses).
TRADE
No trade. Wait for a corrective structure and creation of lows and liquidity.
Comment:
High volatile, NO TRADE