BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price.
New Monthly candle retracement for liquidity purposes.
Current : 34775
33,372 TP 1
TP 2 30,300 Weekly Level
Trade idea Fakeout back below 35K
New Monthly candle retracement for liquidity purposes.
Current : 34775
33,372 TP 1
TP 2 30,300 Weekly Level
Trade idea Fakeout back below 35K
Trade active
Note
Adding positionsTrade active
Note
Up 1.4% on BTCNote
Correction BTC
Note
BTC up 8% in 2 weeks since 1st week novmeber, Bullish FallNote
BTC up 13% after a month of trading
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.