we have a lot of liquidity resting at 73k, which market will most likelay grab. also we have 1h trend line who tend to be breaking sooner or later. we we will get pullback from here, than we will be creating double bottom at this 4h resistance area. anyway, i'm building my long position
After such a big pump on BTC, we need some kind of pullback into a market. So, we closed above a strong weekly level on 1W chart, we might expect retest of this level. This idea is also supported by massive liquidity at the sell side, which market probably will grab, also we have CME gap on lower side, which market would like to fill, and we have 4H and 1H...
As we see, we had been taken buy side liquidity with after strong momentum down, also we have bearish SMT with ETH. I expect that bitcoin will now take off sell side liquidity. But keep in mind that this is very late entry, I was expecting to get into a trade much sooner, but I missed this opportunity. For entry try to search Fair Value Gaps in smaller time...
We have been taken liquidity level, and now I want to see break of structure with long entry from retest.
on 15m chart we want to see now buy side liquidity been taken out, with strong impulse down creating market structure shift, which will give us short entry from retest. First TP would be local low. Also we have bearish SMT with ETH
We had nice break of structure in ETH, which has been made 15m fair value gap, I'm entering shoft from this FVG targeting sellside liquidity. Be careful, keep in mind that on daily chart we have not reached daily FVG after breakout. Happy trading guys
So, for now we had taken 15m internal Liq. level as well as we had broken 1h Support level, after that BTC has formed triangle pattern which has been broken to the downside creating 15m Fair Value Gap. My guess ir that now this FVG combine with triangle support might act as a resistance, aiming us forward to the Daily support and daily FVG bellow.
We have equal 4H lows in BTC(orange line) as well as ETH which may be taken out soon, so we formed triangle in BTC and rising wedge in ETH with Bearish SMT, which indicates bearish structure. I will enter this trade short with nice 1:4 RR, let's see how it goes.. Updates will coming soon..
As we see in the chart, after a big sell off, we took 1h liquidity, as well we took internal liquidity, so now I expect big displacement to upside breaking light blue line, which will create 5,4, or 3m Fair Value Gap, from where we can take Long entry after pull back. I will take 1:3 ratio trade with 10p SL
We see Hourly down wedge, which likely will break upside, confirming 4H orange channel We enter only with stop order- retest. Position details shown in image. Happy trading All
We had performed nice hourly wedge on APT, We have also bullish support from BTC as there is also falling wedge which usually indicate bullish movement. SL and TP are available in the picture Happy trading
We have a nice falling Wedge performing on hourly chart on ETH, usually this indicates bullish momentum. So our target is somewhere around this Orange 4H resistance level
Orange is 4H channel, from which we can take long position till chanell top
So I prefer to short BTC from 4h resistance, which also are creating a flag. This flag looks more bearish for me. We might enter from top side to be able to put smaller SL and bigger ratio. Let's see how it will play out. Cheers