Bitcoin is currently looking bullish on the daily time frame. Based on precise measurement of the imbalance, i;m expecting bitcoin to grab some supply at 19.4 - 19.7 to continue the overall trend to the downside. Great opportunity to place some shorts at those levels i mentioned. I would like to see BTC retrace either back to supply or close to it, and push off with some bullish engulfing candles to fully confirm the move.
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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.