$BTC
More of a clarification post as some seem to think I'm "calling" for new lows based on a potential scenario I mapped out in a prior post.
- I'm swing long from 15.6k targeting new ATH.
- New lows within the Daily/Weekly imbalance I view as additional buying opportunities, would add to swing.
- Would also consider opening a separate long with a LTF trigger (tighter invalidation) if presented.
- If the low is in here, see the first point
- Soft invalidation would be daily candles closing below the midpoint of this imbalance ~ 13.7k. That to me is a warning sign. Hard invalidation would be a candle closing below the imbalance itself.
- Upside targets: 125.8k, 130-135k
Minor point: A rally to the upside that fails at 121560 just means we aren't ready to expand out of this range yet - where I would treat price as still "range bound" meaning range lows are still on the menu.
Hope that helps ...
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