BTCUSD short idea

16 Jul 2023

This analysis includes technical analysis with some ICT concepts

1. Price has taken out the previous old high on M TF with an ascending channel
   
2. there is an SMT divergence
   
3. I expect the price to retrace to the marked supply, which also falls between 0.78 and 0.618 and sell off to the monthly CE below
   
4. I don't know why I should explain a lot of easy well-known stuff to make this complicated
   
5. You can see the simple drawings are clear and concise
   
6. Trade with confirmations and manage your risks well!