Heavy Short coming. for CRYPTO:BTCUSD by LucasIMH — TradingView

Heavy Short coming. for CRYPTO:BTCUSD by LucasIMH — TradingView

Starting it will want to fill some orders at the fair value gap (purple rectangle) at the top before dropping, but since that level i so high i i am not sure at all it will go there first.

Then we see a huge fair value gap ranging from 73K to 90K, massive lack of liquidity. And market can’t have that if the idea is for it to reach even bigger ATH’s.

Under that FVG you can se several Liquidity lines (4 to be exact) laying before another FVG and liquidity spot comes again.
So we see that market really needs to draw down there before acceding up.

Red circle marks an order block (Price range where orders where filled) so we see that liquidity has previously been filled at that level so that supports my theory even greater that market is looking to drop down to that area.

There are way to much liquidity missing there and liquidity to get under there again for market to go further up then were it is standing as off now.

Hope you understood my POV, would extremely appreciate just a thumbs up or down! New to this.

Leave a Comment

Your email address will not be published. Required fields are marked *