Potential Short Opportunity on BTC
Pretty simple observation I'm seeing on the Bitcoin Daily chart. Our range has been set by a run of highs then breaking lower and creating equal lows just above a weekly volume imbalance. Just looking for price to return back into the range and break lower for eventual trading in the weekly volume imbalance. Shorts could be taken in the premium side of the range if lower timeframe price action confirms this analysis.
We are trading between two Daily critical price action areas just above the 50% of the range. Lets see if we follow my original idea and move higher into the range.