BTC Long
Disclaimer: Please take note, this trade idea is for educational purposes only and is not intended to be financial advice, any trades taken based on this trade idea is taken at the traders own risk, I will not be held responsible for any lost capital
BTC has failed to break the $40000 barrier as sellers were able to push price lower. From what I am seeing we are currently trading right above a demand zone which is indicated by our valley imbalance, price is also halting near our 61.8% fibonacci level and this could be an indication that the seller momentum we saw was just a pullback for more liqiduity before price continues upwards.
If you have liked this trade idea please do leave a like and follow for more ideas :)
BTC has failed to break the $40000 barrier as sellers were able to push price lower. From what I am seeing we are currently trading right above a demand zone which is indicated by our valley imbalance, price is also halting near our 61.8% fibonacci level and this could be an indication that the seller momentum we saw was just a pullback for more liqiduity before price continues upwards.
If you have liked this trade idea please do leave a like and follow for more ideas :)
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