Bitcoin: JUNE 7TH, 2024
Hello dear traders. Hope you're doing ok.
This is my #btc expectation in the short and mid term.
Let's get down to the nitty-gritty of the PA.
Price MIGHT take out yesterday's low, fill the FVG, and then continue the upward momentum. If not, we'll move towards the clean highs at the top of the range, and the PA will be of significance there. I will definitely exit my long, especially if I see a major push with high volume, and monitor the price. Acceptance back into the range will be a short trigger towards some lows around 68500 and 66K. That will be the ideal scenario to long again towards some dizzying heights. However, if price manages to maintain above the range high, and form structure, I will begin to consider longing. Momentum EMAs have shaped up nicely, and I assume we'll pick up pace soon.
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This is my #btc expectation in the short and mid term.
Let's get down to the nitty-gritty of the PA.
Price MIGHT take out yesterday's low, fill the FVG, and then continue the upward momentum. If not, we'll move towards the clean highs at the top of the range, and the PA will be of significance there. I will definitely exit my long, especially if I see a major push with high volume, and monitor the price. Acceptance back into the range will be a short trigger towards some lows around 68500 and 66K. That will be the ideal scenario to long again towards some dizzying heights. However, if price manages to maintain above the range high, and form structure, I will begin to consider longing. Momentum EMAs have shaped up nicely, and I assume we'll pick up pace soon.
If you find the idea useful, please like, share, and subscribe for more updates. Good luck trading!
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