BTC pumped hard since the daily open this morning.
We are currently at resistance so let us see if we can base here for a few hours and hit the Monthly Open.
Key Take aways -
- LTF overbought and many expecting deeper retracement before Bull Run restart
- CME Gap exists above us from $57.5k to $62k (These are filled the vast majority of the time)
We want to see a quick full fill or partial fill of the gap and then a deep retracement.
It would be nice to see it close the month in the Green with a close at $58,750
*We are scalping long from the Daily Open, keep moving your stoplosses up and be ready for a quick retracement*
We are currently at resistance so let us see if we can base here for a few hours and hit the Monthly Open.
Key Take aways -
- LTF overbought and many expecting deeper retracement before Bull Run restart
- CME Gap exists above us from $57.5k to $62k (These are filled the vast majority of the time)
We want to see a quick full fill or partial fill of the gap and then a deep retracement.
It would be nice to see it close the month in the Green with a close at $58,750
*We are scalping long from the Daily Open, keep moving your stoplosses up and be ready for a quick retracement*
✔️ - Trendmaster and MDX Algo Access - MDXAlgo.com
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✔️ - Trendmaster and MDX Algo Access - MDXAlgo.com
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.