It's been an interesting bear market bottom. (imo)
When BTC was in the low 60's... sentiments were brutal. every sock puppet fb account was posting chart outlooks into the $30ks are now bullish (go figure lol)
Personally, I think BTCs two weeks of bulls was a very real move. We can see the instional order flow was building it for a month and a half before it finally popped.
But here's where my heads at... early shorts are positioning in right now anticipating the retracment of the FVG left behind.
We can see their liquidations stacking up in the $84k-$86k range right now.
I tend to trade the market maker mehthod w/ power of 3. (manipulation into liquidations)
So here's my play -
One more impulse move into the highs before price pulls back (Targeting mid to low 70s to get long again)
This final impulse move would whipe out the early shorts, and induce the late longs into positions... all in one quick, fast sweep of the highs. Looking for shorts from the highs of that $84k - $86k and longs off the lows of 70s
