After BTC broke previous previous high 4170 and saw lack of follow through, we look at liquidity zones and see how large asks are filled by stop buys above the break.
But the chart depicts this as a rising wedge. We look for a 4hr bounce now to short into.
Possible sellers will be immediate and relentless into the holidays, and we see no trendline support. Not a bottom fish play, but a wait for the bounce play. We'll see.
Thanks for stopping by!
- Masta
But the chart depicts this as a rising wedge. We look for a 4hr bounce now to short into.
Possible sellers will be immediate and relentless into the holidays, and we see no trendline support. Not a bottom fish play, but a wait for the bounce play. We'll see.
Thanks for stopping by!
- Masta
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Sellers sell into
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prior traps on the daily, you can see the follow through bears give