Happy Monday @everyone !
Another week, another opportunity.
As usual, starting our week with BTC, after being rejected at that Upper Supply Zone at 12.3k, we discussed that we'd probably see that trendline again, alongside those fib levels which we're respected beautifully.
After falling through this trend, yesterday I posted a chart saying we could see a retest of that downwards trend before making our way back down to around that 11250 Demand level. This makes the most sense to me, that is a decent enough swing level, that Zone is of decent quality, so makes sense that where we might eventually end up.
The market structure has indeed now changed, with BTC making LH's and LL's from the previous structure, this is important to pay attention too. The Daily timeframe needs this to stay healthy & if that's anything to go by, we could see those lower levels & that CME gap filled (Longer Term).
Have a great day!
Another week, another opportunity.
As usual, starting our week with BTC, after being rejected at that Upper Supply Zone at 12.3k, we discussed that we'd probably see that trendline again, alongside those fib levels which we're respected beautifully.
After falling through this trend, yesterday I posted a chart saying we could see a retest of that downwards trend before making our way back down to around that 11250 Demand level. This makes the most sense to me, that is a decent enough swing level, that Zone is of decent quality, so makes sense that where we might eventually end up.
The market structure has indeed now changed, with BTC making LH's and LL's from the previous structure, this is important to pay attention too. The Daily timeframe needs this to stay healthy & if that's anything to go by, we could see those lower levels & that CME gap filled (Longer Term).
Have a great day!