Bitcoin will grab open liquidity before bulls take over
BTC/USD COINBASE:BTCUSD
Bitcoin has broken structure to the downside and we also saw it had decent reaction upon reaching the 1hour order block. We might see a consolidation before it goes downwards to grab all the open liquidity. SInce there was alot of speculation of its bullish momentum, the banks took out all the retail traders. Although many may be in confusion we see it keeps respecting key levels. With the help of a frequency line and the andrews pitchfork tool, we came to the conclusion we were going to take a bearish position.
