BTC (Y25.P2.E6).Likely fractal

30 May

Hi Traders,

I'm looking at this level as a likely scenario.
Why?
Its happened x2 in the past when we made ATH.
A 12 and 14% retracement.
The liquidity is there, the incentive is there and a low like this will make people sell as to think the bull run is over.

We have our levels to trade for shorts and longs but ultimately, I think it will make its way down to here.

As per my post, this current level was a long entry and I'm in a long, however its not the response I was hoping for.
So its likely a scalp trade and hence I will be looking for a short as well.

All the best.
S.SAri

Y24, March ATH


Y21 ATH



current support, AvWap

5 Haz

İşlem aktif

we entered a long here for a scalp trade however I'm expecting the 50 D ema not to hold and that we go further down towards the 0.382 fib along the AVWAP and nPOC ... strong support region and equates to historical pullbacks btw 12% to 14% when we make ATH.