BITCOIN Weekly Outlook - 22/01/24
Hello everyone,
as I ment in last week idea, I am expecting BTC rather going LOWER then Highier,
prior to FED meeting which is next week.
Since we doesnt have much volatility last week, Im would expect bigger moves to occur later this week, when Market related reports start coming...
To understand further view I would suggest to first check this out:
As right now: I would suggest be very carefull with NEW trade opens, and manage them very carefully since there is potentionall for liquidity swept due to low range last week...
So, everyone who WAS Short before this post or decided to go Short after, should be in favorable position right now. (opening price at time of post is represented by purple dotted line)
Our Liquidity Sellside targets are same as was last week.
BUT what would I suggest to everyone, and doing myself is ↓↓↓↓↓↓
Create STOP LOSS order ABOVE weekend Highs
WHY? , - Have in mind, we are still in Monday PRE-MARKET, if we all of sudden reverse today, before late week news drivers, we can potentionally go to OTE targets from last week. And in that case we would LOSE on our trade... Thats Why we wanna create STOP LOSS order above weekend price BUT under our OPENING price. So even if market reverse, our position still be closed in very small profit but not end in loss!!!
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
as I ment in last week idea, I am expecting BTC rather going LOWER then Highier,
prior to FED meeting which is next week.
Since we doesnt have much volatility last week, Im would expect bigger moves to occur later this week, when Market related reports start coming...
To understand further view I would suggest to first check this out:
As right now: I would suggest be very carefull with NEW trade opens, and manage them very carefully since there is potentionall for liquidity swept due to low range last week...
So, everyone who WAS Short before this post or decided to go Short after, should be in favorable position right now. (opening price at time of post is represented by purple dotted line)
Our Liquidity Sellside targets are same as was last week.
BUT what would I suggest to everyone, and doing myself is ↓↓↓↓↓↓
Create STOP LOSS order ABOVE weekend Highs
WHY? , - Have in mind, we are still in Monday PRE-MARKET, if we all of sudden reverse today, before late week news drivers, we can potentionally go to OTE targets from last week. And in that case we would LOSE on our trade... Thats Why we wanna create STOP LOSS order above weekend price BUT under our OPENING price. So even if market reverse, our position still be closed in very small profit but not end in loss!!!
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
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