Hey everyone, hope you are having an amazing day so far!
I just wanted to share my idea/predicition for the next few days on BTC. Overall we are in a bearish structure (4h) and currently forming a smaller consolidation. Upon looking at ordeflow we are seeing a ton of new longs entering the market, so I would personally expect a move down to the lows as shown in the picture and then enter into a long position from there (upon seeing a good reaction). If we do not get any, I am expecting lower nPOC to get tapped. If we breakout of the range, then I would expect quite a quick move up to 27k.
All in all, I would NOT look for any swing long trades, as the higher tf trend is still bearish.
Hope this helps and thank you for taking your time to read all of this :D
I just wanted to share my idea/predicition for the next few days on BTC. Overall we are in a bearish structure (4h) and currently forming a smaller consolidation. Upon looking at ordeflow we are seeing a ton of new longs entering the market, so I would personally expect a move down to the lows as shown in the picture and then enter into a long position from there (upon seeing a good reaction). If we do not get any, I am expecting lower nPOC to get tapped. If we breakout of the range, then I would expect quite a quick move up to 27k.
All in all, I would NOT look for any swing long trades, as the higher tf trend is still bearish.
Hope this helps and thank you for taking your time to read all of this :D