On a higher time frame, BTC is bullish. It broke the high, and now just back testing the weekly OB that lead to the high.
On 12h time frame, still looks kinda bullish. Higher high twice, and now just back testing the 12hr OB and POC. Below it, we have sell stops at around $37000, also a HVN.
The first area I'm looking at is be the SFP at around $37000. Quite bullish if we reverse here, take a lot of liquidity and still make higher low. The only thing is that would still be above the .25 of the range we're in. So I will only long if there's a clear SFP. If not, wait for it to come down to lower to below .25 region.
On 4h time frame, we have a range and we're at the bottom of the range now. Some liquidity built up at the bottom of the range. We can sweep it for a quick move up to the top of the range. This could be a scalp. And top of this range offers scalp shorts. Trade this range.
No comments:
Post a Comment