XBT (BTC) Analysis Week of 8/27/18
Updated
Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades!
1D:
BTC has consolidated above the high of the recent range and is currently holding in the bottom range of a bearish order block- 6998 is the equilibrium of the bearish block. BTC has made a series of higher lows and is looks like it could go higher. There should be some big time liquidity above 7150 and I would not be surprised if price jumps up to that level.
4H:
Looking left you can see BTC has made a higher long term low and is currently making higher lows on lower time frames. Seeing some closes above prior resistance and in the lower half of resistance OB above(bullish sign).
1H:
This is the trade I am hoping for. I think BTC could pull back to around 6750-6760 and would be a good place to long. Target of at least 7150.
1D:
BTC has consolidated above the high of the recent range and is currently holding in the bottom range of a bearish order block- 6998 is the equilibrium of the bearish block. BTC has made a series of higher lows and is looks like it could go higher. There should be some big time liquidity above 7150 and I would not be surprised if price jumps up to that level.
4H:
Looking left you can see BTC has made a higher long term low and is currently making higher lows on lower time frames. Seeing some closes above prior resistance and in the lower half of resistance OB above(bullish sign).
1H:
This is the trade I am hoping for. I think BTC could pull back to around 6750-6760 and would be a good place to long. Target of at least 7150.
Comment
Well, the BTC pullback I was looking for never came so I got aggressive. These clean highs around 7150 look like they are going to get knocked out here. I'm long: Looking for 7400+ for profit taking. Moved my stop to b/e with entry because of being late to this party. Ttrying to limit my risk to downside.
Comment
Comment
Target hit: 
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