Hi everyone,
We all waiting the BTC going up. But probably not this week.
I think the following 'Distribution' scenario is quite possible. The RSI moved out 70 points zone, the important structure point on the left side was sweeped.
And here we might catch 2 trades. Open a "Long" position when price comes back to range after the "SOW" action, and "Short" after "UT" (marked with green and red arrows on a chart).
We all waiting the BTC going up. But probably not this week.
I think the following 'Distribution' scenario is quite possible. The RSI moved out 70 points zone, the important structure point on the left side was sweeped.
And here we might catch 2 trades. Open a "Long" position when price comes back to range after the "SOW" action, and "Short" after "UT" (marked with green and red arrows on a chart).