Every time BTC rounds another 20k there's a psychological sell-off and a retracement to the equilibrium of the current price and the previous sell-off. The new equilibrium is 50k. I'm anticipating a bullish buy to break past or at least mitigate the net buyers at 60K again.
Double lows to grab in seller side liquidity.
Institutional order flow is going bearish.
Monday - Bullish
Tuesday Bullish/Swing High Projection
Wednesday - Swing High Projection.
Thursday - Selling off
Friday - Further selling off.
To break the monthly low where all the mass liquidity pools reside.
Buyer side liquidity has been liquidated. The projected low of the week has been made soon to also take the seller side liquidity. I'm expecting a bullish reversal by Wednesday as the market profile will be seek & destroy daily sell stops for potential smart money longs or aim to liquidate seller side all together. Price has left a seller side imbalance and buyer...
The market has been seeming bearish lately and a mire sign of weakness has been presenting a possible trade that could be taken is from the Bearish order block made recently for a possible sell to sell-side liquidity.
I'm expecting a long trade after the OB has been respected and price rejected the equilibrium of the OB. Furthermore, the Bearish Flag was a set up to capture and trap retail net sellers that have been stopped out. I'm expecting a bullish stop out the buyer side liquidity.
Through the start of the week, I shorted on the GBPUSD at an OB that happened to be invalid and banks managed to pull me out at break-even, Anyways the run candle managed to be a BSL purge run. The candle reached the typical 20 PIP institutional run before staying under that. The new OB managed to reject price allowing the price now to finally plunge. Overall I'm...