12.6R Trade BTC
It would be healthy for BTC to have a bit of a correction here to complete a measured move down. ABC correction wave.
Buy side liquidity at the highs of the range has been stopped out it seems and there is sell side liquidity likely at those lows.
The BTC miners seem close to bottoming but I am anticipating a move down lasting until Monday-Tuesday next week.
It’s 50/50 whether this move happens.
30% chance of success on the trade as it is a counter trend trade.
Buy side liquidity at the highs of the range has been stopped out it seems and there is sell side liquidity likely at those lows.
The BTC miners seem close to bottoming but I am anticipating a move down lasting until Monday-Tuesday next week.
It’s 50/50 whether this move happens.
30% chance of success on the trade as it is a counter trend trade.
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