Here's a quick look at the daily BTC chart. As we can see, the price has been rallying for the past few weeks and has now entered a strong order block! There's a lot of sell pressure in this zone, so there's a high probability that the price will get rejected. Also, there's a fair value gap at 19.8k, which gets filled most of the time. Therefore we should expect some retracement to this level (19.8k) at least.
Historically the bottom has occurred in November, December and January, and we are within the bottoming period for BTC.
We need at least a higher high before I accept a bullish reversal idea. A weekly close above the order block would be perfect for a bullish reversal idea.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Historically the bottom has occurred in November, December and January, and we are within the bottoming period for BTC.
We need at least a higher high before I accept a bullish reversal idea. A weekly close above the order block would be perfect for a bullish reversal idea.
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
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t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.