$STO target hit "Who's traded with my signal? 😊 How much profit did you make? Target hit! 💸 Maximize your gains with my signals! 🚀 #TradingSuccess #profit #Crypto"
We can clearly see that Bitcoin has bearish intentions as it took out buy-side liquidity and dumped.
Todays daily candle rejected the previous daily high and had a big bearish displacement.
For trades today, I'm only looking to add a potential short if we get a bearish reaction in the ~$67,800 imbalance.
Besides the fact price rejected the previous daily high, distance statistics, based on the last 18 months of data, tells us that there's a 7.2% we take out the current daily high.
Therefore, the probability the ~$68,653 high holds is significantly higher.
My target for the short will be the liquidity below ~$65,998.