source avatarJDK Analysis 🇪🇺

Share

GM ☕️ Not looking too good here... $BTC has lost the very key VAH level👀 We also saw a proper sweep of the key low into the low AVWAP, which has provided some support so far. But buyers still need to reclaim VAH to activate the main long setup discussed previously. My initial small-size long on the small SFP of the key low, backed by OrderFlow confirmation of trapped shorts, was stopped out yesterday after buyers failed to sustain the initial short-covering bounce. Next potential long setup: The low holds, and price consolidates just below VAH. OrderFlow shows short exposure building, but sellers fail to push price to new lows. A subsequent VAH reclaim would activate the "failed auction" setup, stopp at sweep low, target the highs around $88K. Until then, the risk remains to the downside! Without a reclaim, continued acceptance back inside value would signal that buyers are failing to defend meaningful support. Given the strength of the pump into this range, that opens the door to a full value rotation lower, filling the inefficiencies left behind. As long as price continues to accept below VAH, that remains my higher-probability scenario (see next chart). https://t.co/wHqYT9rL6o

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.