Bitcoin / TetherUS
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$BTC/USDT UPDATE:

132
Let's take a look at BTC on the 4hr chart.

We have made an SFP (meaning we took out the liquidity on the top, but failed to close above it --> downside) and since then, we have been in a downtrend, with still no signs of reversal to come.

I'm currently looking at 2 levels (first: the nVPOC of the previous accumulation phase + second: Open Liquidity zone)
If we can take out these 2 levels, but close above them --> looking at the SUPPLY zone @43.2 - 44k

NOTE: Keep in mind that we have created 2 FVG's (see my previous post for explanation on this topic) below this, so I wouldn't be surprised to see us revisiting these zones.

Hope you find this analysis usefull!

Oli
Note
snapshot

Played out nicely!

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