$BTC/USDT UPDATE:

14 Şub 2022

Let's take a look at BTC on the 4hr chart.

We have made an SFP (meaning we took out the liquidity on the top, but failed to close above it --> downside) and since then, we have been in a downtrend, with still no signs of reversal to come.

I'm currently looking at 2 levels (first: the nVPOC of the previous accumulation phase + second: Open Liquidity zone)
If we can take out these 2 levels, but close above them --> looking at the SUPPLY zone @43.2 - 44k

NOTE: Keep in mind that we have created 2 FVG's (see my previous post for explanation on this topic) below this, so I wouldn't be surprised to see us revisiting these zones.

Hope you find this analysis usefull!

Oli

18 Şub 2022

Not

Played out nicely!