Bitcoin / TetherUSShort
NEXT TARGET BTC
BCT is going to draw down soon. The daily uptrendline was broken. The spinning top candle on December 5th and the two long wicks on the 9th and 10th could suggest an imminent reversal or, anyway, a future recovery of liquidity in this area.
This area is also a high liquid point of the pair and collects as few as 0.27 and the last TPs of bearish movement.
@90500 is the first entry price.
After that, I still highlight the 86K since there are lot of liquidation around that area. 86K is a critical area because both the last TPs of the short positions and the 0.618 on monthly of the long position are there. what does it mean?
The bearish movement ends where the bullish movement is supposed to retrace and reverse.
The last limit order I set is @ 78500.
This area is highly pointed for inefficiency, 0.27 on various tf, and very highly liquid on 3 3-day basis.
The 78.5K is a buying zone since most of the 0.618 monthly and weekly fall here.
Even the 59,9K is an important point but I will wait to set a trade or order there since there is not strong evidence for a breakout of the main bullish trendline.
This area is also a high liquid point of the pair and collects as few as 0.27 and the last TPs of bearish movement.
@90500 is the first entry price.
After that, I still highlight the 86K since there are lot of liquidation around that area. 86K is a critical area because both the last TPs of the short positions and the 0.618 on monthly of the long position are there. what does it mean?
The bearish movement ends where the bullish movement is supposed to retrace and reverse.
The last limit order I set is @ 78500.
This area is highly pointed for inefficiency, 0.27 on various tf, and very highly liquid on 3 3-day basis.
The 78.5K is a buying zone since most of the 0.618 monthly and weekly fall here.
Even the 59,9K is an important point but I will wait to set a trade or order there since there is not strong evidence for a breakout of the main bullish trendline.
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