Trade_snipes
BTC READY FOR A PULLBACKHey traders,
I don't usually share my longer term views on BTC but I decided give you guys a treat today.
BTC has been rallying off the accumulation which I had spotted months ago and volume has reacted just like I had predicted and price already hit my first take profit on spot.
However we've had very little room to breathe with many imbalances being created on the way up. And when price traded up into the orderblock at 44k-46k , price rejected predictably and has begun to move lower, likely forming a swing high.
Prediction:
While I see that there's bullish breaker at the 42k level, I'm anticipating price to trading through and into the orderblock denoted by the red arrow. This is where I might look to go long on BTC again.
However if we break below 37k, we will likely be headed much lower.
Please like and follow for detailed price action breakdowns like this, and best of luck traders!
WABI/BTC PRICE PREDICTIONHey traders,
this is an idea I'm submitting for a competition on WABI to see who has the most accurate prediction by Aug 31.
Longer term price prediction on altcoins isn't usually my style but here is what I think:
WABI/BTC will be between 300-400 sats on Aug 31
I expect price to move into the orderblock at around 300sats to begin mitigating some orders.
Another possibility is that price trades into the bearish 2h orderblock or even the breaker before reverting. However I see this as unlikely because of the bearish structure combined with the lowering interest and volume. (also the project seems to have went quiet for some time now)
Please like and follow for more detailed price action breakdowns such as this.
BTC SHORT TRADEHey traders,
here's trade I took today:
I took a short on BTC after price reached up to tap the bearish orderblock I had spotted again and confirmed the shift in structure to a downtrend, then I entered om tje 0.705 retrace and aimed for the -1 and took profits at the equilibrium and the bullish orderblock at 40400.
Like and follow for more!