BTC expecting dips towards 47.3k trendline bounce
BTC looks like it might be done, and so we can scalp this movement down to 47.3k which is our real support level underneath the majority of liquidity.
Expecting several bounces along the way.
Finally when we reach this level, we could have a strong bounce back into the 50's which would induce buyers into buying at a high price, once again.
Expecting several bounces along the way.
Finally when we reach this level, we could have a strong bounce back into the 50's which would induce buyers into buying at a high price, once again.
Comment:
Watching here on small timeframes so I can react quicker if things start to change. Always good in these circumstances, especially given the Daily candle
Comment:
I am also considering something like this
Comment:
The above happened - 59.5k as suspected. Looks like a lot of bears liq'd now. Good time to hunt Monday liq
Comment:
Doing break evens/small loss only on Shorts until we see confirmation
Comment:
More buy absorption here confirming Distro at these levels