Colleagues, throughout yesterday, Sherlock saw little to no meaningful change, but a look at the Bitcoin (#BTCâ ) đȘ chart earlier in the week is still considered necessary.
The picture is quite simple —ïž
The price is gradually moving up from an uptrend originating from the major spill from August 6th. đŻ Global targets remain unchanged: liquidity pool near round $70,000 and behind equal highs of $72,100. The nearest resistance where I will be watching price reaction is Buy to Sell 1D $67,600-$71,990.
Locally we also have a price-magnet - FVG $61,400, where we can see a small manipulation. Nevertheless, we do not open short positions neither to cover this FVG, nor to re-test or remove liquidity behind the trendline: we work in accordance with the bullish đ mood and only take up longs!
In conclusion, there are no preconditions for strong impulses in any direction đ đ»ââïž
Rising volumes and a large pool of liquidity around $70,000 continue to bias your Sherlock towards longs, but it is worth waiting for more clear signals on indicators and metrics to open new positions đ
I will definitely inform you about all changes immediately, friends, but for now my advice remains unchanged - continue to hold the long positions gained at the bottom and gradually fix them as they increase đ°
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