Since my previous BTC analysis, the market did manage to break above the 4H high I mentioned and form a new HH after this Bullish BOS and Strong bullish 3D close I favour a deeper corrective move on BTC back up into the 0.618 Fib.
Looking for a bearish break out of this wedge consolidation then will be monitoring the 16500 area for potential long entries - on the other hand if price breaks this wedge to the upside first and takes out the high of the week I will flip my bias and look for the short.... For me my directional bias very much hangs on which way this wedge breaks out first, we will trade in the opposite direction targeting the liquidity, prepared for either scenario
Looking for a bearish break out of this wedge consolidation then will be monitoring the 16500 area for potential long entries - on the other hand if price breaks this wedge to the upside first and takes out the high of the week I will flip my bias and look for the short.... For me my directional bias very much hangs on which way this wedge breaks out first, we will trade in the opposite direction targeting the liquidity, prepared for either scenario
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