-BTCUSD is looking a tad heavy these few days, drifting toward the bottom of the nearer dealing range between 24260 and 22230 price levels.
-I believe Bitcoin will try to break out to the downside reaching for the discount end of the greater dealing range set by the rally from Jan 18 low to Feb 1 high. At the time of writing, bottom end of the nearer dealing range is still holding. I am anticipating a breakdown but could see small range trading happen until a liquidity injection event sends price lower.
-Bias: Bearish
-Why? There is sellside liquidity below the 22230 level which I believe the algo will reach for.
-Targets: 22230 and 21650 into the daily +orderblock.
-I believe Bitcoin will try to break out to the downside reaching for the discount end of the greater dealing range set by the rally from Jan 18 low to Feb 1 high. At the time of writing, bottom end of the nearer dealing range is still holding. I am anticipating a breakdown but could see small range trading happen until a liquidity injection event sends price lower.
-Bias: Bearish
-Why? There is sellside liquidity below the 22230 level which I believe the algo will reach for.
-Targets: 22230 and 21650 into the daily +orderblock.
Not
As outlined, bitcoin dropped aggressively toward the 21650 target to fill in the imbalance left during the run up that occurred in mid to late January.Not
21650 target hit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.