We are getting closer to the POI, which is the weekly FVG.
Whether or not the bullish price action I’m expecting is short term or long term might not really matter. A meaningful reaction off that zone is what I’m looking for.
I’ll most likely play this by waiting for the potential low to form, and be bullish until it gets to the premium level of the range ( $82.8k high and the new low )
By playing the range, I don’t really have to rely on price reaching the extremes just incase it doesn’t.
There are potentially a lot of opportunities to capitalize on with this approach in my opinion.
$BTC
To see Spurs and Chelsea fans mocking Arsenal after the seasons they had is beyond parody. We’re the best team in England, and the second best team in Europe. You lot are global laughing stocks.
So pipe down, you wastrels. 🤣
Hmmm…. Interesting
Would love to see if we respect this range ( 0.6468-0.7324 ) but it’s looking good so far.
The prior 4hr closure looks solid as well and we just might have a continuation to the upside from here.
$GENIUS
Went with $ETH instead just because we had a cleaner PA there….
I’ve got the liq if I need to pull it out (because withdrawals are instant), but I’m most likely going to let the week play out before making any decisions.
Start trading here if you haven’t: https://t.co/EFnZtziBSb
If you need better discounts, you can comment below.
Here's my thesis for BTC
I cant say for sure if we'd be bearish or bullish because at the end of the day, its all probability.
What I do know, is how I'd position myself.
For now, I am bearish since we are at a premium level of the full range just like I have marked, which means, I'd be looking for just shorts, preferably the premium of the newly created range.
But if we do sell into the discount (specifically the $65k–$74k discount zone), I'd be on the lookout for buys until proven wrong.
$BTC