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BTCUSD3M Possible stophunt prior to move higher
This is what I'm looking at for BTCUSD3M on OKcoin.
We have the area 360-365 which is a +OB, nice confluence with FIB OTE.
We recently made two pretty much equal lows.We should have liquidity below, people who got in at +-360 and moved there stops below these recent lows are an easy target for the MM/woodchipper. If we hit this area and trade away from it agressively it's a very bullish sign.
Stall there and break 359 would mean looking for the next targets downwards imo.
Feedback welcome.
We have the area 360-365 which is a +OB, nice confluence with FIB OTE.
We recently made two pretty much equal lows.We should have liquidity below, people who got in at +-360 and moved there stops below these recent lows are an easy target for the MM/woodchipper. If we hit this area and trade away from it agressively it's a very bullish sign.
Stall there and break 359 would mean looking for the next targets downwards imo.
Feedback welcome.
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