MoneyBall101

Time to buy BTC??

Long
MoneyBall101 Updated   
COINBASE:BTCUSD   Bitcoin
A volume imbalance has been created in BTC,
to respect that, BTC has to move up.

Expect a blast towards up-side
Let see, how it plays out.
will it hit our TP or SL.
Comment:
Lack of Momentum, it took our SL as Liquidity and then going up.
Still Respecting our Demand zone.

Our SL got hit, as we went Aggressive on this move.

Its always safe to keep the SL below the Demand zone,
+ going in deeper levels in Demand zone help us to get in a better Price.
Comment:
The more it stays near demand zone, its probability decrease to push the price up!!

As here we can see its supporting our demand zone.
its also creating Liquidity On every Higher Low Swings.

if you are in this trade, you can book your Profit According your comfortable levels, Once it takes the Up side liquidity, the market will be bearish!!
Trade closed manually
Trade closed: target reached:
The Supply Zone was Mitigated, thats why we saw a Massive Selling from our Zone.

Market moves Liquidity to Liquidity.
Combining Volume Imbalance + Price Action we can find an Edge to trade the Market.

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.