BTCUSDT.PThe market is in a downtrend. in case of sweeping liquidity and the closing above it, could set up a situation for a potential upward move to mitigate the1H : Ext OB. However, it's important to note that this approach is risky due to its countertrend nature
After reaching the '1H : Ext OB' , confirmed signals on both the 1-hour (1H) and 5-minute (5m) timeframes could present a high-potential opportunity to initiate a short position
Liq
Liquidity Pools EURUSDHi,
I can see at least two Liquidity Pools on Medium/Higher Time Frame for EURUSD,
and price is likely to seek these. The question is if it will go first below or first up. Instinctively, I usually want to trade upwards or the reversal, but since price short term is already downwards, and thus closer to the lower Liquidity Pool, then perhaps that is the wiser choice, to do a small short if anything.
But there are liquidity pools to the upside, which can give a great reward if it reaches there, and you have traded near these lows.
Have a great day in Jesus' name!
-ThomChris
Liq Protocol is exploding in weeksAs you can see, we have had numerous rejections of the 27 SMA (Daily), and with the high volume in recent days, it is likely that it can break the resistance.
On top of that, the RSI daily is also forming a reversed head and shoulder pattern.
These two indicators with the high volume point to a big explodion. According to the Fibonacci Retracement ratio, it is likely going to 1 dollar and might test the all-time high of 4 dollars within months