Don't be fearful! Higher low forming on BTC
In order for market structure to remain bullish and this range to not continue, we want to see BTC form a higher low.
Around the usual formation or a higher low (golden pocket fib) we have significant support. Huge volume gap, daily supply zone and deviation from local range fib levels.
We are also likely having a takeout to the downside of the recent triangle pattern that BTC has been within, taking all the sell side liquidity and using that to fuel longs.
Around the usual formation or a higher low (golden pocket fib) we have significant support. Huge volume gap, daily supply zone and deviation from local range fib levels.
We are also likely having a takeout to the downside of the recent triangle pattern that BTC has been within, taking all the sell side liquidity and using that to fuel longs.
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.