The price formed an ascending triangle, followed by a swing high.
After the pullback, the price swept liquidity in the form of inducement, indicating a potential reversal or continuation of the trend.
Then price moved downward, indicating bearishness.
Finally, it grabbed liquidity, suggesting a potential shift toward an uptrend or maybe after
some consolidation.
NOTE - We can be 100% wrong. This is not a buy/sell recommendation; it's for educational purposes only!
BTCUSD
After the pullback, the price swept liquidity in the form of inducement, indicating a potential reversal or continuation of the trend.
Then price moved downward, indicating bearishness.
Finally, it grabbed liquidity, suggesting a potential shift toward an uptrend or maybe after
some consolidation.
NOTE - We can be 100% wrong. This is not a buy/sell recommendation; it's for educational purposes only!
BTCUSD
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.
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.