Let's do this.
I will buy the panic selling below $38000
reasons:
on 21st Jan 22 we swept the equal lows at $39500, after that we saw the real liquidation cascade and finally some huge buy volume across all markets.
The price tended to deviate the lows and jumped right back above those lows with a badass daily candle.
three things:
1-we finally made an MSB (MARKET STRUCTURE BREAK) after sweeping the lows
2-we have daily OB at $38800 which is our demand area
3-another liquidation cascade will happen if we lose $39500 again, SWEET!
But that's not all of it, if you check the daily OBV we also have a confluence at $37000-$38000, all in favor of bulls if you ask me.
DYOR but I am going balls deep in Bitcoin below $38000.
I will buy the panic selling below $38000
reasons:
on 21st Jan 22 we swept the equal lows at $39500, after that we saw the real liquidation cascade and finally some huge buy volume across all markets.
The price tended to deviate the lows and jumped right back above those lows with a badass daily candle.
three things:
1-we finally made an MSB (MARKET STRUCTURE BREAK) after sweeping the lows
2-we have daily OB at $38800 which is our demand area
3-another liquidation cascade will happen if we lose $39500 again, SWEET!
But that's not all of it, if you check the daily OBV we also have a confluence at $37000-$38000, all in favor of bulls if you ask me.
DYOR but I am going balls deep in Bitcoin below $38000.
Comment:
If you don't know what OB is, then check my recent tutorial:
Comment:
Search cryptosep on social medias, you will find my domain ;))
Comment:
FVG:
