This purple BTC algorithm proving itself beautifully on the buy-side has definitely increased my short conviction for the near term. I am shorting this for the time being at least until we prove a strong higher time frame buying algorithm like yellow prove itself. Otherwise, I am looking for a break of yellow and a proof of HTF purple - which would almost certainly lead to a $60,000 liquidity hunt as we saw back in 2021.
Stay cautious and let the algorithms guide you - both on the higher time frame and lower time frame.
Happy Trading :)
Stay cautious and let the algorithms guide you - both on the higher time frame and lower time frame.
Happy Trading :)
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