$BTC Sunday update:
First of all, let's look back at the previous Sunday update in which we drew this scenario... It's an ongoing projection.
We're going to have a rough trading week with:
- Midterms Elections on Tuesday
- CPI on Thursday
- US bank holiday on Friday
Get ready!
First of all, let's look back at the previous Sunday update in which we drew this scenario... It's an ongoing projection.
We're going to have a rough trading week with:
- Midterms Elections on Tuesday
- CPI on Thursday
- US bank holiday on Friday
Get ready!
The best time to trade this week will be:
- Monday
- Tuesday until the London session finishes
- Wednesday
- Thursday 2 hours after CPI (imbalance trading)
- Friday until the London session finishes
Plan your trading week. That's my schedule 🤝
- Monday
- Tuesday until the London session finishes
- Wednesday
- Thursday 2 hours after CPI (imbalance trading)
- Friday until the London session finishes
Plan your trading week. That's my schedule 🤝
The CPI and Core CPI results are important towards the next FED interest rate decision.
Previous: 8.2%
Est: 8%
If the results come higher than 8%, it would mean that inflation is not getting better so the FED will continue being aggresive which it's bad for $BTC.
Previous: 8.2%
Est: 8%
If the results come higher than 8%, it would mean that inflation is not getting better so the FED will continue being aggresive which it's bad for $BTC.
I personally think that the FED will continue rising hikes and we won't see things getting better for a few more months (this is subjective).
This takes me to the liquidation chart and see the areas of interest to the downside in HTF.
And I see the area around $17.5k...
This takes me to the liquidation chart and see the areas of interest to the downside in HTF.
And I see the area around $17.5k...
I remember pointing out the wick at $17.5k when we were at $42k, I looked crazy but now it's filled to the dollar.
But we also have another wick at $16.5k and a a LP until $14k
CT is turning bullish. We need to keep our mind open as there is still more liquidity to the downside
But we also have another wick at $16.5k and a a LP until $14k
CT is turning bullish. We need to keep our mind open as there is still more liquidity to the downside
This week's projection will be the continuation from last week as it seems like it could still be playing out.
For the record, I built shorts between $21.1k and $21.5k, like many of you. I've already TP 70%.
I'll let it run with SL at profit incase we see $19k this week.
For the record, I built shorts between $21.1k and $21.5k, like many of you. I've already TP 70%.
I'll let it run with SL at profit incase we see $19k this week.
But there is a possibility of a pump to the next liquidity zone which it's between $22.5k and $23k if the CPI results are positive.
This liquidity area would be formed by
- The imbalance up to $22.5k
- The liquidations at $23k.
That would be my next area for building shorts.
This liquidity area would be formed by
- The imbalance up to $22.5k
- The liquidations at $23k.
That would be my next area for building shorts.
Be very careful with leverage and SL this week. Tricksy week.
There will be several liquidity grabs, specially on Tuesday and Friday because market won't have much liquidity as we won't have a NY session those days.
Avoid trading during CPI results on Thursday.
There will be several liquidity grabs, specially on Tuesday and Friday because market won't have much liquidity as we won't have a NY session those days.
Avoid trading during CPI results on Thursday.
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