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TrendmasterOfficial
Jul 16, 2022 9:12 AM

Commitment of Traders Report from Last Week - BTC Update 

Bitcoin / TetherUSBinance

Description

Going over the CME Gap that exists above us as well as the current Price Action.
BTC failing it's swing was a great short after we short squeezed to the level.
Swings, S/Rs, and Demand Zones are being respected perfectly.
Scalping in this zone don't do anything except look for mechanical failures
and retests/gains. Low liquidity expected.
Lose or gain the Swing Levels then target the stuff above and below
Otherwise look to play the bounces within these Swings.
Comments
dezelator
i dont think will fall to that point currently only if break 20200
TrendmasterOfficial
@dezelator, I think you're right.
20200 would be a great hold but there is some long liquidity building between there and 20k
Locally the swings are holding us.
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