$BTC - telling me long bets should be the one
We had a major D OB made from the huge drop from 58K to 30K - at around 50K
This has been strong resistance and price did break down once on the daily
Two swing failure patterns (SFP's) also showing weakness
But today looks like we will print a HL on the daily, showing bearish failure
If this daily candle closes through the previous swing high, this will make Monday's down candle a daily bullish order block
I'm looking to long the weekly open and monday's high - which happen to overlap - strong confluence
If todays daily candle closes as an SFP and those levels mentioned, plus monday's mids don't hold, then there would be cause for concern for bulls!
This has been strong resistance and price did break down once on the daily
Two swing failure patterns (SFP's) also showing weakness
But today looks like we will print a HL on the daily, showing bearish failure
If this daily candle closes through the previous swing high, this will make Monday's down candle a daily bullish order block
I'm looking to long the weekly open and monday's high - which happen to overlap - strong confluence
If todays daily candle closes as an SFP and those levels mentioned, plus monday's mids don't hold, then there would be cause for concern for bulls!
Comment:
got some sweet upside, followed by some weird dump sadly!