Considering the 3x Big Bearish Candlesticks are eating up the Demand from April 12 2018 I expect a touch of 7000 to occur
From current price that is 850 Pips on leverage DOWN
If we experience consolidation, or an accumulation of orders above 7250 then we may see a bullish continuation
The move we would look for is down to 7200 by New York Session Thursday May 24 BUT it could happen in the Asian or London Markets too.
Considering our new TradingView H4 Candlestick for Bitfinex will open on BTCUSD at 20:00 UTC and there is quite a long wick + supply finding demand at lower price points let's see how quickly we hit the safe tp of 7330
Remember the risks of trading! You are responsible for your own actions :)
I am in a short position at 7500 and as of right now the orderbook on GDAX is stacked at 7500/7600 with low supply above &* who knows, price could always retrace back to 7700 lol
From current price that is 850 Pips on leverage DOWN
If we experience consolidation, or an accumulation of orders above 7250 then we may see a bullish continuation
The move we would look for is down to 7200 by New York Session Thursday May 24 BUT it could happen in the Asian or London Markets too.
Considering our new TradingView H4 Candlestick for Bitfinex will open on BTCUSD at 20:00 UTC and there is quite a long wick + supply finding demand at lower price points let's see how quickly we hit the safe tp of 7330
Remember the risks of trading! You are responsible for your own actions :)
I am in a short position at 7500 and as of right now the orderbook on GDAX is stacked at 7500/7600 with low supply above &* who knows, price could always retrace back to 7700 lol
