if you study XAU-BTC (TV) we have also a possible Wickoff reversal with that clean retest of the last double bottom.
When I check the cluster of liquidity on BTC we have fuel to start the Mark down.
Remember that the recent drop at 107k 98k and 74k could have strategically made to have a cost efficiency in the next market correction with those daily liquidation pool from the Long. (sell order)
Supports are 100k; 89k and 79k on BTC.
For Gold. I see liquidaiton daily level up to 4500$, I believe we can go higher.
Remember if BTC down abrutly, the chart XAU-BTC will go up if Gold keep Steady or hold better...
When I check the cluster of liquidity on BTC we have fuel to start the Mark down.
Remember that the recent drop at 107k 98k and 74k could have strategically made to have a cost efficiency in the next market correction with those daily liquidation pool from the Long. (sell order)
Supports are 100k; 89k and 79k on BTC.
For Gold. I see liquidaiton daily level up to 4500$, I believe we can go higher.
Remember if BTC down abrutly, the chart XAU-BTC will go up if Gold keep Steady or hold better...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.