BitcoinAtualizado Smart Money BTC
When trading bitcoin we need to consider two things first:
1. What is narrative on high time frames ( Daily/ Weekly)
2. Where is liquidity? (Stop Losses - Retail Trader Order Flow)
There was a large expansion leading into FOMC, followed by 20 hours of retail distribution; using Wyckoff trading strategies we can expect a sharp retracement returning to the pool liquidity below 46800. Then we can expect a push higher to clear imbalances of inefficient price action from the sell off. Trade what you see ultimately.
1. What is narrative on high time frames ( Daily/ Weekly)
2. Where is liquidity? (Stop Losses - Retail Trader Order Flow)
There was a large expansion leading into FOMC, followed by 20 hours of retail distribution; using Wyckoff trading strategies we can expect a sharp retracement returning to the pool liquidity below 46800. Then we can expect a push higher to clear imbalances of inefficient price action from the sell off. Trade what you see ultimately.
Nota
After making executions in the institutional demand zone at $45800 we have seen a liquidity sweep to the downside and now we are experience a liquidity sweep to the upside peak price $51400.
Aviso legal
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