https://tradingview.sweetlogin.com/chart/RcK71T3P/?symbol=COINBASE%3ABTCUSD
The good news is that, if we have some bullish strength, we have large 4H/1D vector candle to fill between around 119 to 122k.
However, short term max pain at every level is on the short side. If you take the short term max pain volume product, again, all favour short.
Hidden bullish divergence lost on all time frames.
117.9k short term resistance, support 116.8. If it breaks I think we head to 116,500 LQ pool and, then, long term channel support.
I would be looking to go long hard, here.
TPs - according to your risk tolerance.
SL - 114900.
I am currently in a position but won't be adding to it in this weakness.
The good news is that, if we have some bullish strength, we have large 4H/1D vector candle to fill between around 119 to 122k.
However, short term max pain at every level is on the short side. If you take the short term max pain volume product, again, all favour short.
Hidden bullish divergence lost on all time frames.
117.9k short term resistance, support 116.8. If it breaks I think we head to 116,500 LQ pool and, then, long term channel support.
I would be looking to go long hard, here.
TPs - according to your risk tolerance.
SL - 114900.
I am currently in a position but won't be adding to it in this weakness.
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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.