Looking Left. The Pink Oval highlights the constriction phase. as well as the liquidity grabs on both sides.
From the most previous constriction on the hourly. We are above the MR. Which means price will be looking to go short in the immediate next interval but with structure that is predisposed to rise higher based on market sentiment.
fib extension 6.18 will most likely act as a high probability area for large money to enter the market as liquidity of the expanding price action is happing on higher time frames.
Wait for confirmation of entry lower.
but BTC carries the sentiment. Would be looking for alts to follow a similar mark up today.
Do your DD
Videos WILL BE resuming soon. Sorting out some back end stuff for youtube.
Thanks
From the most previous constriction on the hourly. We are above the MR. Which means price will be looking to go short in the immediate next interval but with structure that is predisposed to rise higher based on market sentiment.
fib extension 6.18 will most likely act as a high probability area for large money to enter the market as liquidity of the expanding price action is happing on higher time frames.
Wait for confirmation of entry lower.
but BTC carries the sentiment. Would be looking for alts to follow a similar mark up today.
Do your DD
Videos WILL BE resuming soon. Sorting out some back end stuff for youtube.
Thanks