Its not ready yet, but lets expect some crazy runs on BTC.
For now there is still some business to be done at lower prices before we see the moves higher.
Looking at longer term shorts on BTC on the weekly timeframe. We can see a possible OB forming.
Should we see the short term low ( lower timeframe low) taken, will reaffirm my Net Short Outlook on BTC.
A bit more in-depth a look at BTC Short thoughts.
Very clear switch in momentum to the downside on the H4 Chart.
Some great opportunities will present themselves to both buy and sell.
Rough analysis of general areas that we are looking at now that short term low has been taken out on the weekly.
Will be looking to see price trickle down toward 53000 before any significant pullbacks, however if price does come back into sell zone before that, we will most definitely be on the lower timeframe taking sell triggers.
****We did share a full analysis on our YouTube channel.*****
Price is currently in a weekly demand zone, which leads me to expect a bullish run incoming.
Been watching for lower timeframe structure shifts before we get involved in the market place.
This is currently a high risk trade but we are trying to capitalize on the initial impulse off that higher timeframe zone.
*HIGH RISK IDEA*
As apparent in my previous publishing, I am currently Bearish on BTC.
HOWEVER!
Looks like a great intraday Long opportunity as we have already seen a strong lower tf reaction.
I will be significantly scaling out of position at TP1 = 1:5 R.R
