BTC dump pending
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I always found this to be a meme and another fancy tool on the list (no offence, just my observation). In FX it´s even more a meme as some use the UTC open and other ones use the NYC open.
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I think it is. Price is just a function of liquidity, I dont get why there should be a special interest on buying at the weekly open. Have you ever seen the weekly open as support when there was now area of S/R involved? For example in the middle of a sharp inefficient move
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Fair enough, but you can ascribe that logic about about being respected in the middle of a sharp inefficient move to any level. Just empirically speaking, the 1w open acts as a strong level, whether that's because of it being close to another S/R level is irrelevant imo.
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