Current and quick thoughts on $BTC #bitcoin Low Time Frame wise
Agenda:
- FVG
- nPOC's
- Liquidity Runs
- Confluence
- Targets
- Conclusion
FVG
We have a Fair Value Gap that is presented to us in the form of a bullish $500 candle, where a portion of the candle's body has no exploratory wick or body from another immediate candle to balance price.
Liquidity
Note the liquidity in the form of buyside liquidity has been claimed also from the range high already.
We'd typically expect that with a range, that we alternate between range high and low for liquidity.
Assuming here that range low is up next
Confluence
From a confluence perspective, we have the 0.382 overall fib level resting below the FVG, that is also acting as support from recent PA
Targets
A possible play could be up for the nPOC that is just above current price, that also rests right at the 0.618 level of the overall fib move.
Confluence is key after all, and would make sense for a move like this
Conclusion
Reckon that we could see price take the range low, nab the liquidity, and ten tap the nPOC and hit the 0.618 resistance?
Only time will tell!
Let's keep an eye on this one hey?
Cheers guys
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