❗️Alrighty, let's take a look at our chicken coop... Traditionally, let's start with the rooster...
$BTC !
There was a pullback. Uninformed were taken in the OB zone at 68 and through attacks, the entire sector was reversed.
We'll talk about this reversal in a separate post and analyze all its mechanics, including in
$BNB .
On higher timeframes, the long structure is preserved. But on the 1H, a short structure was set up with a deep penetration into the Daily OB zone. This means that by building short structures on the 15m, the market may indeed dive to 66.
To continue the long position, we need to see a break of the local short structure, and even better, the formation of a long structure on the 1H (exit above 71). Then everything will be ready for a jump to 74.
❗️Just to highlight that the market is extremely dynamic, and after reaching the target, everything can change overnight. And this is the trader's job - to observe the formation of structures and the algorithm of the price delivery signals and act without hesitation when everything comes together!
#Smartmoney #trading #balancerocrypto #btc