Bitcoin(BTC) The Next Move! New Lows Or Is The Bottom In?
Hello All,
I have recently started my .1-1 BTC challenge. Updates can be found on my twitter(link in the signature). Regardless overnight we returned to the OTE for this LTF move and found support on the retest of the OB that swung us to the high around 3480. I will be looking for continuation to the 3520 region. There I will ladder shorts as it is the old daily low and the level that led to the heavy expansion to the downside we saw over the past 48 hours. I would like to see price head for the Order Block between 3180-3260 where I will be looking to long. You can see my issues with this region however on the chart as to many people are expecting this to be a good buying opportunity. Regardless, I trade the chart.
Even lows beneath our swing low at 3100 and overall extreme sentiment for this area will eventually result in a run on liquidity for a new low. However I am not sure that is going to happen just yet. First target would be the old swing high of that region 2960.... NOT 3k.
Happy trading and make sure to tune into the resources below with any questions you have
I have recently started my .1-1 BTC challenge. Updates can be found on my twitter(link in the signature). Regardless overnight we returned to the OTE for this LTF move and found support on the retest of the OB that swung us to the high around 3480. I will be looking for continuation to the 3520 region. There I will ladder shorts as it is the old daily low and the level that led to the heavy expansion to the downside we saw over the past 48 hours. I would like to see price head for the Order Block between 3180-3260 where I will be looking to long. You can see my issues with this region however on the chart as to many people are expecting this to be a good buying opportunity. Regardless, I trade the chart.
Even lows beneath our swing low at 3100 and overall extreme sentiment for this area will eventually result in a run on liquidity for a new low. However I am not sure that is going to happen just yet. First target would be the old swing high of that region 2960.... NOT 3k.
Happy trading and make sure to tune into the resources below with any questions you have
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