High Liquidity Zone

TOTAL3

Working through a high liquidity zone...

Price found resistance at the liquidity line a few days back and currently being held up by another liquidity support structure.

Pressure is building in this area; it's bound to pop somewhere.

I have color coded each fib pivot to correspond to the fib structure to help avoid confusion.

As my instructor dRends35 mentioned - if the correction phase continues downward; a possible outcome is a retracement to the 0.618 Golden Window Support structure.

I am favoring those odds as well. This would be a solid area for support. If there is something else in the MM's playbook, I would not be surprised if a lower low was in the books as well.

If that play is called, I would expect the 1:1618 (teal colored support structure) to be the area for that, as this is a Phi based fib.

Overall, I think the market is looking very exciting. ETH/BTC and ADA/BTC are currently moving (to the upside) in opposite directions of BTC. Some small signs that the tables are turning.

Good Luck Traders!

- Not Financial Advice -