BTCUSD
Remember, Price Sold on the Daily TF, which, in fact, put Price into a Bearish Retracement, hence the Bearish Fib...
On the contrary, The Weekly TF last week closed above Weekly TP 4 & the Price Action we've encountered this week up till now could be just a Retest of that level. Price Action on Daily & 8h is very well, much so confirming that theory with Price Buying 0n 11/26.
What I will not do is, ignore the Daily Sell that Price encountered after this massive Bullish leg. Even though Price bought on 11/26, that alone does not solidify that as a HL. Price must create HH's for this Buy to be established as an HL, or you will see that L be used as a target to continue a Bearish expansion.
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
On the contrary, The Weekly TF last week closed above Weekly TP 4 & the Price Action we've encountered this week up till now could be just a Retest of that level. Price Action on Daily & 8h is very well, much so confirming that theory with Price Buying 0n 11/26.
What I will not do is, ignore the Daily Sell that Price encountered after this massive Bullish leg. Even though Price bought on 11/26, that alone does not solidify that as a HL. Price must create HH's for this Buy to be established as an HL, or you will see that L be used as a target to continue a Bearish expansion.
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.