Good Afternoon everyone
A quick look at BTC to see what we can expect over the course of this evening and tomorrow.
- We’re currently at this 50 Fib level now, this is the level that we’ve been really looking forward to for the last couple of updates
- Currently, we’re overstretched on this timeframe (the 4H) with our home-grown indicator Steamroller giving us the idea that we’re now ready for this to cool off and have some relief
- Not surprising that it’s looking this way, however, we’re quite close to that overall target of 11220 which is our main Supply Zone on this timeframe and this correlates very nicely on this timeframe according to the liquidity on the left hand side.
It would not come as a surprise to see this move irrationally towards that Supply for the potentially final move on this timeframe, all I am saying is if you are trading this movement, accommodate for this outcome and protect yourself and capital.
There is a huge chance that this is the end of the run for BTC on the 4H with that fib level being respected nicely, just keep the idea of that Supply in the back of your mind.
Have a great day!
A quick look at BTC to see what we can expect over the course of this evening and tomorrow.
- We’re currently at this 50 Fib level now, this is the level that we’ve been really looking forward to for the last couple of updates
- Currently, we’re overstretched on this timeframe (the 4H) with our home-grown indicator Steamroller giving us the idea that we’re now ready for this to cool off and have some relief
- Not surprising that it’s looking this way, however, we’re quite close to that overall target of 11220 which is our main Supply Zone on this timeframe and this correlates very nicely on this timeframe according to the liquidity on the left hand side.
It would not come as a surprise to see this move irrationally towards that Supply for the potentially final move on this timeframe, all I am saying is if you are trading this movement, accommodate for this outcome and protect yourself and capital.
There is a huge chance that this is the end of the run for BTC on the 4H with that fib level being respected nicely, just keep the idea of that Supply in the back of your mind.
Have a great day!