$BTC
Hello, everyone! This is your captain speaking. How are you all? Before I start, I would suggest you to check my quoted post and see how's going everything?
So, in the last post, I clearly said that I would never be bullish until I saw a clear candle closing above the green box. Now check the chart, price went above the green box & the major (blue) trendline resistance of daily timeframe, grabbed the liquidity and now back into the box again. So, that could be considered as a deviation until proven otherwise. Price has also broken 4H 200EMA (green bold line), made a deviation and now again trading below it. Look what happened last time when it made a deviation above 4H 200EMA. Now what's next?
Many confluences suggesting that price will come down from here. Liquidity is below from here, so price should go there to grab that. I've drawn two boxes (white and yellow) corresponding to two lines (white and yellow). I am expecting price to come atleast to that boxes and that should be the local bottom for BTC. Breakdown of the white box will send BTC to test the previous ath.
What's my plan? Actually, I'll be a buyer either in the white box or above the blue trendline. In between these two, I'm just a watcher.
As always, give me a like, follow me, share and comment if my contents help you.
HAPPY TRADING š«”