BTC 📄 Update on liquidity movement and key liquidity cluster points
◀️ Summary of the first movement: A sale occurred at 121826 and a break happened at 117612, after which liquidity was collected between 116 - 115
◀️ After collecting liquidity, we mentioned that breaking 117612 would allow testing 119723, and that is what happened
⭕️ Now, a selling range has formed between 120813 - 121826, which is clear on the price chart and the way it bounced down
🟣 The current movement is confined between 118398 - 117612
📄 Regarding trading ideas:
⭕️ The thought here is to buy between 11600 - 114813 if a break occurs at 117612 and trading starts below it
⭕️ The second idea, in case this break does not happen, is to wait for confirmation of trading above 118398, and in this case, it's preferable to wait until Monday
mehmetwehbe
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.
mehmetwehbe
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.