**BTCUSD**
Looking at the daily demand, we've now broken it and we REALLY need to hold this area and break out confidently from this descending structure, otherwise we're looking at the low 8's / high 7's in the short term.
There is a bit of liquidity, where we ranged between 7.7 - 8.4 from the 26/09 - 26/10, which I wouldn't be surprised if we revisited again if we can't hold this area and move up.
In regards to this wedge - to back it up we also have some bullish divergence on the CCI, where IF we break upwards, we could very well see a re-test of the 8.9k mark where we face some heavy resistance in the 50fibs and also our ichi.
Lots of people been calling a bullish run lately and right now... I don't really see it and even with a break of this wedge i'd be cautious of jumping on any fomo run.
Not in any trade currently, but always willing to change my bias depending on what's presented at the time.
Looking at the daily demand, we've now broken it and we REALLY need to hold this area and break out confidently from this descending structure, otherwise we're looking at the low 8's / high 7's in the short term.
There is a bit of liquidity, where we ranged between 7.7 - 8.4 from the 26/09 - 26/10, which I wouldn't be surprised if we revisited again if we can't hold this area and move up.
In regards to this wedge - to back it up we also have some bullish divergence on the CCI, where IF we break upwards, we could very well see a re-test of the 8.9k mark where we face some heavy resistance in the 50fibs and also our ichi.
Lots of people been calling a bullish run lately and right now... I don't really see it and even with a break of this wedge i'd be cautious of jumping on any fomo run.
Not in any trade currently, but always willing to change my bias depending on what's presented at the time.
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