BTC: Well... the only valid target is 49k

Very nice reaction from the weekly fair value gap. The orderflow is also bullish, respecting bullish pd arrays. We have a balanced price range on the daily timeframe, that should left untouched. A reaction from this 4h gap to the upside is highly possible if we are seeking buyside liquidity.
The thought process is:
-We had a buyside liquidity raid, from an old high (external liquidity)
-Came down to rebalance a weekly gap, to offer chance for sellers on the market (internal range liquidity)
-Now price can seek further for external range liquidity as a form of buystops.

Just think about it. Price has to pair the currently raided sell orders to buy orders. Where will be willing buyers on the market? I think at 49k BTC will be on mainstream media as a major buying opportunity...

OK be safe byyyy

Comentário:

Did not get the reaction I wanted to see for bullish price action. The creation of bearish gaps after a sweeping previous highs indicates lower prices. Now the logical target is first the daily bpr range.

Trade fechado: objetivo atingido:

So the 4h bearish gaps did not delivered price lower into the BPR range. Price was in a tight range instead till Feb 7. The weekly candle's reaction was clear in the first place, I just getting used to BTC's lower timeframe price action. Yeah, according to crypto, 4h is the lowest timeframe I would go. At least for now. BTC's lower timeframe isn't clear for me to read it. It's a different beast.

This idea was based on mainly the the weekly candle's reaction from the weekly gap. The market either seeks liquidity or offer fair value. The only valid liquidity target was at 49k. An idea as simple as this is enough to get an overall bias, or even an entry on the higher timeframes.

Ok be safe byyyy