$BTC - Technical Analysis

$BTC - Technical Analysis

Monthly
It's very clean. Last candle tagged monthly FVG then traded higher created relative equal Hs. Looking for P to take out the buyside. P opens and trading lower (I'm expecting P is creating the wick for Nov candle). Let's zoom in.

Weekly
Last candle swept old Hs then closed below it, so potential SFP is forming. If this weekly candle closes below old H, I will look for P to trade lower. Let's see if P decides to trade to the lower wick 1st or the upper wick 1st & how it reacts to those 2 PD arrays.

Noting that this week is election week & FOMC on Thursday. My recommendation is to avoid trading in this week. So I would just do TA without trading (no H1 chart)

Daily
Last candle traded to daily FVG & daily +OB below 0.5 then closed inside the upper daily FVG. Looking for P to trade higher. Noting that P is filling last candle wick.

But today has to eco news, P might consolidate.

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