$BTC - Technical Analysis

Weekly

Last candle filled half of previous candle's wick, traded lower filling out the weekly FVG and swept old L then closed above the L & weekly FVG. Looking for P to trade higher.

P might fill some of last candle's lower wick before doing so. Let's see how P reacts to the wick.

Daily

Last candle traded to 0.5 of a daily FVG & swept old L then closed above it. Looking for P to trade higher. P might fill some of last candle's wick before going higher.

Here is just my 2 cents. Consolidation leads to expansion, but P didn't expand after took out the L. P could still expand much lower cause nothing is 100% in trading. But if P closes as SFP today, it's likely to go for those equal Hs.

Today we have PMI eco news.

H1

Looking for P to sweep sellside or trade to M5 FVG to look for long.

Or base on intraday PA to look for setup.

.

.

.

.

.

If you find this helpful, give me a like. Cheer!

Abbreviations are explained & pinned in my profile.