nagihatoum

BTC the mother of an Order block

Long
COINBASE:BTCUSD   Bitcoin
745 cme long institutional positions stuck in the range between 11.5k and 12K. The failed retest of that order block caused the massive dump together with miners dumping BTC because the mining difficulty level increased. There is a possibility of a retest of the 11k region. Rejection there will send the price 8.8k, closing the gap at 9.6k. However there remains a gap at around 6k and 3k.

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