2023-05-09 21:29:34
https://www.tradingview.com/x/x3aFHBTh/
#BTC Update :
On bigger time frames the structure is still bullish and we can see that market is looking for an area to set the next higher low.
https://www.tradingview.com/x/Hkm2DuTm/
We talked previously about the orange zone as being an HVN area. Which means that it's an area of support as long as we don't flip it to the downside.
If flipped we have two naked POC's at 26446 and 24846 ( next big demand zone )
https://www.tradingview.com/x/vbjDUwOT/
If we start forming a bottom structure on this zone between today and tomorrow we can take a long with a clean risk reward.
https://www.tradingview.com/x/PGEhMq1x/
We can also make a fake breakout to the downside close the POC at 26.4K sweep the lows form a Higher Low, trap shorts and go back up.
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