Hey guys,
BTC is resting on a key support, breaking this level would mean the short term up trend is broken and we will have to reassess the next zones of support.
Here are the bearish order blocks that will likely get filled.
MACD, RSI and Stochastic RSI are all trying to curve upwards currently, we are looking for a small short term bounce out of BTC before we come back down to retest the trendline, make everyone place large short trades, and then have a massive short squeeze to liquidate all the shorts.
This happens time and time again.
Just an idea for you guys.
BTC is resting on a key support, breaking this level would mean the short term up trend is broken and we will have to reassess the next zones of support.
Here are the bearish order blocks that will likely get filled.
MACD, RSI and Stochastic RSI are all trying to curve upwards currently, we are looking for a small short term bounce out of BTC before we come back down to retest the trendline, make everyone place large short trades, and then have a massive short squeeze to liquidate all the shorts.
This happens time and time again.
Just an idea for you guys.