The chart displays Bitcoin (BTC/USD) on a 1-hour timeframe, showing a concept of "Breaker Block" after a liquidity sweep. A breaker block is a failed order block formed when liquidity is swept. The chart highlights key points for identifying a breaker block:
1. Liquidity Sweep: A sweep of liquidity in the market before the price reversal.
2. Last Opposite Color Candle of Leg: The last candle of a different color before the reversal.
3. Failed Order Block: The block that fails to hold, indicating a reversal.
4. Market Structure Shift (ICT MSS): A shift in market structure, signifying a potential change in trend direction.
5. Inducement: A price move that induces traders to enter before a reversal.
The chart highlights areas marked SiBi (Swing In/Buy) and BiBi (Break In/Buy), which indicate possible zones where these events occur. The Resistance area is also shown as a key level for potential price rejection. Traders should look for confirmation of price action near these levels to assess the likelihood of further movement toward the Target around 84,000.
1. Liquidity Sweep: A sweep of liquidity in the market before the price reversal.
2. Last Opposite Color Candle of Leg: The last candle of a different color before the reversal.
3. Failed Order Block: The block that fails to hold, indicating a reversal.
4. Market Structure Shift (ICT MSS): A shift in market structure, signifying a potential change in trend direction.
5. Inducement: A price move that induces traders to enter before a reversal.
The chart highlights areas marked SiBi (Swing In/Buy) and BiBi (Break In/Buy), which indicate possible zones where these events occur. The Resistance area is also shown as a key level for potential price rejection. Traders should look for confirmation of price action near these levels to assess the likelihood of further movement toward the Target around 84,000.
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👉Free Telegram Channel Link 👇
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.