Technical Analyst โข Order Flow & Market Profile โข
Breaking down auctions & execution โข Always improving โข Views are my own. Not financial advice.
$BTC ๐
New shorts keep piling in at the lows and getting absorbed, but the reaction from buyers has been absolute ๐ฉ so far.
Iโm still looking for a long entry. Iโm out of my early, small-sized attempt from earlier, taking a small loss and now want to see price confirm strength by reclaiming lost VAL with conviction.
So far, sellers have been absorbed over and over, but buyers havenโt stepped in decisively with intent and result, leading to repeated sweeps of the lows - slow bleed lower - no strength.
If we do not get strength with conviction back into lost value, prev. value POC + Daily ~81,200 USD is my next key level to the downside.
$BTC OrderFlow ๐
Lot's of new shorts keep piling in at the lows!
Buy low, sell high? F that.. letโs keep aggressively shorting BTC right into range low ๐
So far, those sellers are not really getting the reward!
Letโs see how this plays out... ๐ฟ