Hey, I'm gonna share again my perspective from the BTCUSD Market. Im bull on MACRO, neutral on HTF until 11.5k, and bull on LTF.
I had been watching the M/W mostly, and I'm kinda sure we might need a monthly closure above 14k to expect new highs, might be August, in that sense we would expect 16k around October.
11.9k is a daily resistance, we might expect some demand and retrace on that level.
The Major Ask Zone is the last bullish confirmation on a HTF, between 11.3k and 11.5k.
Since we are dealing with a resistance at 11k, I think we might expect a retrace to 10.3k before going upward. Some liquidation on mex from those overleveraged degenerates would trigger a nice sell-off from SL, since the orderbook is kinda thin and 10.2k wasnt retested yet.
I'm trading the trend, trying to catch DIPs and R/S retests flips on the levels I draw. Also gonna hedge 11.3k-11.5k if PA looks like failing it.
Good trading!
I had been watching the M/W mostly, and I'm kinda sure we might need a monthly closure above 14k to expect new highs, might be August, in that sense we would expect 16k around October.
11.9k is a daily resistance, we might expect some demand and retrace on that level.
The Major Ask Zone is the last bullish confirmation on a HTF, between 11.3k and 11.5k.
Since we are dealing with a resistance at 11k, I think we might expect a retrace to 10.3k before going upward. Some liquidation on mex from those overleveraged degenerates would trigger a nice sell-off from SL, since the orderbook is kinda thin and 10.2k wasnt retested yet.
I'm trading the trend, trying to catch DIPs and R/S retests flips on the levels I draw. Also gonna hedge 11.3k-11.5k if PA looks like failing it.
Good trading!
Trade active:
Woohoo! :)
The MAZ was boomed with a nice Weekly close reaction.
Spot and long, gonna enjoy this ride now.
The MAZ was boomed with a nice Weekly close reaction.
Spot and long, gonna enjoy this ride now.
