5 Tweets 3 reads Sep 06, 2024
$BTC (Long Thread)
4h - trading close to the lower end of the bigger range. No reaction from daily demand allows me to discard this level for the time being.
Just formed a couple of equal lows above the Fib pocket, so I might justify a quick scalp long if we get some sweep there.
Further down, we have 4h demand along with the 0.75 level, just at the range low, so definitely interested in doing some business there.
RSI still going up while price goes down. RSI level 50 still acts as resistance.
4H trend far above, now around mid-range.
1H - threatening to lose range low of this smaller range, but kind of holding so far, despite the downtrend.
Could be interested in looking for a long opportunity if it gives some sort of MSB with a proper RSI.
1H trend still acting as resistance.
FIBs - in red levels of interest, mainly for scalps, based on the 0.75 level.
55.4k is the liquidity cluster below the EQ lows just formed; interesting if it gets swept.
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