Undercurrent.
461 posts

Undercurrent.
@Undercurrent_io
Markets don’t move randomly. There is always an undercurrent.






Good day, guys🤝 Update: $BTC, 6H Alright, after sweeping liquidity below the 6H OB, price reversed and is now attempting to flip the trendline back into support. Weekly PP 67.7K is the nearest resistance. If reclaimed, next target is R1 - 70.4K, with confluence above POC & VAH + OB VWAP. If rejected at 67.7K, I expect continuation lower towards S2 - 63.3K and potentially down to the local range low 62.4K. Heatmap shows liquidity stacked both above 70.4K and below 62.4K. Indicators: RSI crossed above MA, L2 KDJ curling up with a buy signal. Now, what I don’t like: spot CVD and OBV are not confirming the price move and continue to trend lower👀




Getting very close here. After securing a win around $71,000 we cut the trade and set our targets for the lower levels. Sentiment is well and truly in gutter here again. I added a small size long initially, and will go in heavier if/when we fully take out below this $65k liquidity pocket. Haven't been shorting, probably could've had a few good trades if i had taken them, but i am better with longs, so we play to our strengths. Other two areas of interest I expect to see a decent reaction off are $62,500 and $58,000. Overall I truly believe we are bottoming out in this range here, and things will be resolved soon. But in the meantime we play the levels and secure some bags.







Market looks dead… but not everywhere. Undercurrents are active. 👀



















