$BTC
Again once 56k breaks I will switch sides to bearish for now im bullish
what will be my basis to switch side
first after hitting 56k market must show a test and retest to the said support
after that whatever will be printed either its a clear rejection or continuation drop thats the time I will conclude if I will change my bias
if its a clear rejection I will remain bullish. Why? it can be interpreted as Liquidity sweep only or Liquidity grabbing.
what happen mostly after a liquidity sweep is a huge bounce
but if theres a clear rejection and price trades below 56k with no attempt to bring back the price back above it then thats the time I will be bearish.
I already made an article about it all about this stuffs im saying right now with chart as visuals aid.
sorry for my English I'm a bit sleepy.
good night guys
Click here :
HERES MY FULL ANALYSIS ABOUT BEARISH SCENARIO