A few more things which I found on the chart, while comparing to the bottom of 3100-4200. Right now looks like we got similar structure with key level of resistance at 7800-7600. So keep your eye on the breakout from it. Similar to 2018-2019 bottom we have a concentration of Bearish Candlesticks at circle area.
I will keep adding to long position in next liquidity zones: Liquidity zones on the levels 7400-7300 7100-7000 6800-6700
Keep you position size, leverage and liquidation levels in safe areas. It is a high volatility zone!
Overall market sentiments should go highly bearish in this range, so be sure your emotions are under control.
Local view of the situation you can see in the idea —
Note
Shorts get rekt, longs get rekt. Don't trade without breakout.
Trade active
How I see price direction in next week According to level structure there is a good supports at 6800 and 7000. Let's follow up it
Trade active
Broke first liquidity zone and now going to second at $ 7000
Trade active
Today possible short-term sideways to 7300 resistance level..
Trade active
Bitcoin Update | Price Following the scenario.
Price surged from 7600 resistance zone. Now we are near 7000$ zone, take partial profits here. I would not short this area more. I am waiting gray area of 6800 to get in swing-long trade.
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.