BTC Weekly Profile Update 2
Bears are still in control, value has been pulled lower and we're trading below last weeks POC @ 7521
"Usually" when we trade inside last weeks value area we test the opposite side of value (7891), the bulls have some work to do if that is to happen
7602, 7891, 8591 & 8215 are key levels on my radar for shorts
If 7251doesn't hold (last weeks value area low) the original plan is still in play.
If we are to bottom this week, id expect a sharp stab lower and a quick bounce back (rejecting lower price)
The truth is nobody knows what will happen, i will trade what i see within the structure i understand, the main thing is to keep your stops tight and manage your risk. Exciting stuff!!
"Usually" when we trade inside last weeks value area we test the opposite side of value (7891), the bulls have some work to do if that is to happen
7602, 7891, 8591 & 8215 are key levels on my radar for shorts
If 7251doesn't hold (last weeks value area low) the original plan is still in play.
If we are to bottom this week, id expect a sharp stab lower and a quick bounce back (rejecting lower price)
The truth is nobody knows what will happen, i will trade what i see within the structure i understand, the main thing is to keep your stops tight and manage your risk. Exciting stuff!!
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