https://www.tradingview.com/x/Kyhz6DQY/ #BTC HTF Plan BTC br | Forex Tradings
https://www.tradingview.com/x/Kyhz6DQY/
#BTC HTF Plan
BTC breaks the Month Long Consolidation Range to the downside after getting rejected from the 0.5 Fib Golden level between 2022 swing Highs and Swing Lows. Well BTC out of range means increased Volatility in the Market provided this breakdown is just not a mere deviation below the range low.
Assuming this Breakdown is Real and not a deviation i am expecting two scenarios to be played out while BTC maintains Higher Lows in Weekly Time Frame.
Scenario 1 - Retracement towards or below Daily Imbalance 28.4 - 28.4k to grab Sell side Liquidity and move Higher.
Scenario 2 - Retracement towards or below weekly OB 25.5 -24.8k to grab sell Side Liquidity and move Higher.
Note Both scenarios are valid for Bullish continuation but if BTC loses Weekly OB then higher Low will get invalidated which means BTC may Visit lower Weekly OB 20.5k - 19.5k where BTC also has unfilled CME GAP.
