Here is a zoomed out view of the current BTC ranges.
Using the 3M ranges as key indication of the market as it facilitates getting troubled in the LTF.
It is clear that as long we do not clear 44.6K BTC is still within its range. There is nothing wrong in taking long trades around these levels targeting 49K but from a HTF perspective we are able to clarify the context. As you can see we still have around 1 month of pa so PAY ATTENTION to the current market flow and structure.
You can see the 'easy targets' and where the liquidity is resting and incorporate it for you LTF trading. Regardless, the HTF supersedes the LTF.
DO NOT BE AFRAID TO REFER TO THIS TEMPLATE AS WE KEEP ON HEADING TOWARDS THE END OF THE 3M CANDLE.
The market always MOVES IN RANGES and SEEKS LIQUIDITY...nothing less...nothing more....
You will notice an approximate of the BTC halving noted on the right side. Do not refer to the date as a set date but more of an indication ( I am sure you guys are way better than I am in finding the actual moment, time and date the block may come to be... doesn't matter that much to be honest....pa remains pa and the halving will be nothing more than 'news')
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Using the 3M ranges as key indication of the market as it facilitates getting troubled in the LTF.
It is clear that as long we do not clear 44.6K BTC is still within its range. There is nothing wrong in taking long trades around these levels targeting 49K but from a HTF perspective we are able to clarify the context. As you can see we still have around 1 month of pa so PAY ATTENTION to the current market flow and structure.
You can see the 'easy targets' and where the liquidity is resting and incorporate it for you LTF trading. Regardless, the HTF supersedes the LTF.
DO NOT BE AFRAID TO REFER TO THIS TEMPLATE AS WE KEEP ON HEADING TOWARDS THE END OF THE 3M CANDLE.
The market always MOVES IN RANGES and SEEKS LIQUIDITY...nothing less...nothing more....
You will notice an approximate of the BTC halving noted on the right side. Do not refer to the date as a set date but more of an indication ( I am sure you guys are way better than I am in finding the actual moment, time and date the block may come to be... doesn't matter that much to be honest....pa remains pa and the halving will be nothing more than 'news')
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
