Technical analysis by Mayfair_Ventures about Symbol BTC on 23 hour ago

Unpopular opinion. But people are still waiting on $135k from 2021. Markets go up and they go down. Here's some general info - regardless of up or down. The basics... The local Point of control. The bigger picture. Once price reaches an external liquidity pocket, it runs out of steam as it's overcrowded in terms of the asset and there's enough supply to fulfil the demand. Depending on up or down directions. From there, the market looks to work a slower move to find internal liquidity - some will see this as a pullback or searching for an order block or imbalance. But the idea is to take eager players out and load up or sell off more for the bigger players. The price here has a nice pocket of liquidity sat just under the local low. The issue here is that there is a fair amount of buying liquidity down a lot lower, too. As you can see at roughly 60k. Next, we have a good chance that the Bank of Japan will hike rates in the next 24-48 hours. Anyway, be careful. It could be a thrill or it could be a deep slide before Xmas. Take it easy, be careful and happy Holidays to you! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.