vlosenkov

Be careful with LONGS ON BTC!!!

BYBIT:BTCUSDT   BTCUSDT SPOT
BTC has reached weekly imbalance 0.5. We can see that before the pull back which started from weekly Order Block price has left some nice equal lows. As our order flow is bearish i am expecting the price to sweep those lows before the reversal to bull cycle. So far i am monitoring LTF for the confirmation to see if price wants to react from weekly fair value gap or it will push more up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.