BTC: Saturday Range Play - Targeting PDH Liquidity & Downside Co
Good morning/afternoon, traders!
My daily bias for Bitcoin today (Saturday) is cautiously bearish, anticipating a potential range-bound day with a downside lean.
Here's the rationale:
Weekend Dynamics: With lower trading volume typically seen on Saturdays, I expect a relatively tighter daily range (1.5-2%).
PDH Liquidity Grab: My primary scenario involves BTC potentially making a move towards the Previous Day's High (PDH) to sweep liquidity.
Downside Confluence: After interacting with PDH (either a liquidity sweep or a clear rejection from a reactive area near PDH), I'll be looking for bearish confirmations on lower timeframes to plan entries for a move to the downside.
Key Levels to Watch:
Previous Day's High (PDH): 105283
Previous Day's Low (PDL): 101003
My Plan:
I'll be patiently waiting for price action around the PDH. A strong rejection, market structure shift on lower timeframes, or confirmation from a supply zone will signal potential short opportunities, targeting the day's lower range.
Invalidation: A strong, sustained break and close above PDH without any bearish follow-through would challenge this bias.
Remember to always practice sound risk management.
This is my personal analysis and not financial advice. Do your own research.
My daily bias for Bitcoin today (Saturday) is cautiously bearish, anticipating a potential range-bound day with a downside lean.
Here's the rationale:
Weekend Dynamics: With lower trading volume typically seen on Saturdays, I expect a relatively tighter daily range (1.5-2%).
PDH Liquidity Grab: My primary scenario involves BTC potentially making a move towards the Previous Day's High (PDH) to sweep liquidity.
Downside Confluence: After interacting with PDH (either a liquidity sweep or a clear rejection from a reactive area near PDH), I'll be looking for bearish confirmations on lower timeframes to plan entries for a move to the downside.
Key Levels to Watch:
Previous Day's High (PDH): 105283
Previous Day's Low (PDL): 101003
My Plan:
I'll be patiently waiting for price action around the PDH. A strong rejection, market structure shift on lower timeframes, or confirmation from a supply zone will signal potential short opportunities, targeting the day's lower range.
Invalidation: A strong, sustained break and close above PDH without any bearish follow-through would challenge this bias.
Remember to always practice sound risk management.
This is my personal analysis and not financial advice. Do your own research.
トレード稼働中
PDH liquidity at 105283 has been swept! Now looking for bearish confirmations on lower timeframes (e.g., M5/M1) for potential short entries, aligning with our expectation of a downside move today.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。