we have a pretty interesting situation on BTC.
we didn't touch the weekly fvg and crated a smt with ETH on the lows. then we had CISD. this may seem kinda bullish but there are a couple red flags.
first is the daily fvg we have above, we already took BSL and there is no displacement through the high. also we didn't create a good bullish fvg and the price action is weak.
for now I'm more bearish than bullish.
I expect to see us reach the daily -fvg and drop from there to the weekly fvg. I will enter a position if I will see a setup on the 4h/1h for shorts. it all depends on the price action.
notice there is still a chance that we will seek BSL and continue higher. if I will see a displacement to the upside or that we are disrespecting the daily -fvg I will anticipate longs.
we didn't touch the weekly fvg and crated a smt with ETH on the lows. then we had CISD. this may seem kinda bullish but there are a couple red flags.
first is the daily fvg we have above, we already took BSL and there is no displacement through the high. also we didn't create a good bullish fvg and the price action is weak.
for now I'm more bearish than bullish.
I expect to see us reach the daily -fvg and drop from there to the weekly fvg. I will enter a position if I will see a setup on the 4h/1h for shorts. it all depends on the price action.
notice there is still a chance that we will seek BSL and continue higher. if I will see a displacement to the upside or that we are disrespecting the daily -fvg I will anticipate longs.