BTCUSD
Remember, Price Sold on the Daily TF, which, in fact, put Price into a Bearish Retracement, hence the Bearish Fib...
On the contrary, The Weekly TF last week closed above Weekly TP 4 & the Price Action we've encountered this week up till now could be just a Retest of that level. Price Action on Daily & 8h is very well, much so confirming that theory with Price Buying 0n 11/26.
What I will not do is, ignore the Daily Sell that Price encountered after this massive Bullish leg. Even though Price bought on 11/26, that alone does not solidify that as a HL. Price must create HH's for this Buy to be established as an HL, or you will see that L be used as a target to continue a Bearish expansion.
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
On the contrary, The Weekly TF last week closed above Weekly TP 4 & the Price Action we've encountered this week up till now could be just a Retest of that level. Price Action on Daily & 8h is very well, much so confirming that theory with Price Buying 0n 11/26.
What I will not do is, ignore the Daily Sell that Price encountered after this massive Bullish leg. Even though Price bought on 11/26, that alone does not solidify that as a HL. Price must create HH's for this Buy to be established as an HL, or you will see that L be used as a target to continue a Bearish expansion.
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
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