We have been holding short on BTC using 15x leverage since market rejected the 4H supply zone - we just closed 50% of our position and secured +45% partial profits✅ SL is now moved to breakeven and we will continue to hold the remainder.
We can identify now that there is an area of liquidity above these identified highs, the market has also bounced from the daily demand zone and continues to consolidate in this bullish wedge, my BEARISH bias remains the same but what i am expecting here is the market to make this final induction move to the upside - this push will do two important things, 1, it will stop hunt the traders who have already opened shorts there stops will be above the descending trendline. Once this liquidity is removed this will then induce BULLS into opening long positions on the potential "wedge breakout" which means the market maker will then have enough liquidity below to make the intended move to the downside.
We can identify now that there is an area of liquidity above these identified highs, the market has also bounced from the daily demand zone and continues to consolidate in this bullish wedge, my BEARISH bias remains the same but what i am expecting here is the market to make this final induction move to the upside - this push will do two important things, 1, it will stop hunt the traders who have already opened shorts there stops will be above the descending trendline. Once this liquidity is removed this will then induce BULLS into opening long positions on the potential "wedge breakout" which means the market maker will then have enough liquidity below to make the intended move to the downside.