- Bitcoin is currently trading at 82,249$
- Bitcoin has so far erased 24.98% from its All Time Highs and especially after Trump's presidency.
- Market Structure shift looks completely bearish, unless we flip above 96,000$ on a daily timeframe
- We have many inefficiencies left until 73,691$ and I have drawn those paths as well.
- The first path shows price filling the inefficiency and then taking out more liquidity to fall further and clear the fair value gap sitting at about 63,329$
- The second path shows we might not not fall below 73k after filling the inefficiency rather we start building a base before moving towards the upside.
- Market doesn't look good from a structure perspective be very selective when it comes to punching trades.
- Bitcoin has so far erased 24.98% from its All Time Highs and especially after Trump's presidency.
- Market Structure shift looks completely bearish, unless we flip above 96,000$ on a daily timeframe
- We have many inefficiencies left until 73,691$ and I have drawn those paths as well.
- The first path shows price filling the inefficiency and then taking out more liquidity to fall further and clear the fair value gap sitting at about 63,329$
- The second path shows we might not not fall below 73k after filling the inefficiency rather we start building a base before moving towards the upside.
- Market doesn't look good from a structure perspective be very selective when it comes to punching trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.