Starting with Weekly TF 
BTC swept its ATH and dropped.
Two main reasons:
1- Liquidity grab (took out SLs above ATH)
2- Hit strong Weekly Bearish OB and reversed.
Now Weekly & Daily TFs are still bullish this is just a pullback so no panic scene.
Question is: how far can it go?
BTC is moving toward Weekly Breaker Block (117.9k) and Weekly Bullish OB (115.3k) right now it’s trading inside a 4H Bullish OB (Green Zone)
I’ll wait for reversal signs (CHOCH or Bullish OB) on STF to buy again. If confirmed I’ll buy with SL below 113.5k - 112.5k zone.
For now, STF is still bearish so I’ll wait I’m already in aBTC buy from 110k zone.
BTC is sitting in a 4h demand zone just wait for confirmation.
BTC swept its ATH and dropped.Two main reasons:
1- Liquidity grab (took out SLs above ATH)
2- Hit strong Weekly Bearish OB and reversed.
Now Weekly & Daily TFs are still bullish this is just a pullback so no panic scene.
Question is: how far can it go?
BTC is moving toward Weekly Breaker Block (117.9k) and Weekly Bullish OB (115.3k) right now it’s trading inside a 4H Bullish OB (Green Zone)I’ll wait for reversal signs (CHOCH or Bullish OB) on STF to buy again. If confirmed I’ll buy with SL below 113.5k - 112.5k zone.
For now, STF is still bearish so I’ll wait I’m already in a
BTC buy from 110k zone.BTC is sitting in a 4h demand zone just wait for confirmation.
For educational purposes only — not financial advice. Always do your own research (DYOR)
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.
For educational purposes only — not financial advice. Always do your own research (DYOR)
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.