Good morning everyone happy Saturday.
Let me tell you guys about this trade that I am in on bitcoin.
I am long from $68,882, I took this trade due to the fact, the order book was telling me or showing me that the shorts were getting liquidated at the value area low using volume profile theory.
We are at a key level in this micro range from the larger range, and I took this trade also based off a golden pocket bounce because previously we have bounced at the 786 retracement.
Other confluence why I took this trade the 30 minute the four hour the 90 minute or all in the green on Market Cypher B with the fresh crossover with the VWAAP.
I plan to take most of my profits off this trade once we’re at the value area high. My price target for this long could possibly be $75,000 Why because We can start putting our Berish divergences on my market, cipher B with higher price action. We also have a bunch of liquidity sitting above $74,000-$75,000 remember The liquidity is a magnet for price not a guarantee that we get up there because we also have liquidity down at $59,000.
Another confluence why I took this long was because we are holding above our POC in the micro range. If we do lose this range right now at this moment we could possibly be going down to the larger range profiles POC at 67,200.
I hope you guys enjoy this TA, And let’s see what happens today tomorrow or the next day.
Let me tell you guys about this trade that I am in on bitcoin.
I am long from $68,882, I took this trade due to the fact, the order book was telling me or showing me that the shorts were getting liquidated at the value area low using volume profile theory.
We are at a key level in this micro range from the larger range, and I took this trade also based off a golden pocket bounce because previously we have bounced at the 786 retracement.
Other confluence why I took this trade the 30 minute the four hour the 90 minute or all in the green on Market Cypher B with the fresh crossover with the VWAAP.
I plan to take most of my profits off this trade once we’re at the value area high. My price target for this long could possibly be $75,000 Why because We can start putting our Berish divergences on my market, cipher B with higher price action. We also have a bunch of liquidity sitting above $74,000-$75,000 remember The liquidity is a magnet for price not a guarantee that we get up there because we also have liquidity down at $59,000.
Another confluence why I took this long was because we are holding above our POC in the micro range. If we do lose this range right now at this moment we could possibly be going down to the larger range profiles POC at 67,200.
I hope you guys enjoy this TA, And let’s see what happens today tomorrow or the next day.