Daily Bias Map:
- Bitcoin lost key support at 106,500
- I am leaning more bearish now that this key support is lost.
- Market is heavily driven by news and uncertainty.
- Key levels like Monday low and monthly low cluster in the same region — likely last bastions of support.
- Expecting a possible larger shakeout toward weak lows nearby, which don’t look appealing for entries.
- Will watch for potential long scalp triggers around monthly open or Monday low but will likely stay side-lined. Unless I see a potential good short setup form.
- With FOMC news tomorrow I’m avoiding heavy involvement the risk is not worth it in this volatile environment.
Discipline means knowing when to step back. In all likelihood I'll let the market develop today unless a extremely clean trade develops.
- Bitcoin lost key support at 106,500
- I am leaning more bearish now that this key support is lost.
- Market is heavily driven by news and uncertainty.
- Key levels like Monday low and monthly low cluster in the same region — likely last bastions of support.
- Expecting a possible larger shakeout toward weak lows nearby, which don’t look appealing for entries.
- Will watch for potential long scalp triggers around monthly open or Monday low but will likely stay side-lined. Unless I see a potential good short setup form.
- With FOMC news tomorrow I’m avoiding heavy involvement the risk is not worth it in this volatile environment.
Discipline means knowing when to step back. In all likelihood I'll let the market develop today unless a extremely clean trade develops.
Note
IMO any retest of 106k with a M15 MSB is a short trigger.
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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.
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.