AMRAZ

AMRAZ

It seems the fractal has reached a point where a long term accumulation cycle starts. We can still hold the daily range for a while but there's still some serious pressure from the weekly data. Possibility to come up to the weekly downtrend, reverse from the weekly block (two acc candles), reverse and hold and test the greediest (1h untested area) on the bottom...

AMRAZ Updated 

if we're able to hold this range's low, there's a potential to move a fractal higher...

AMRAZ

If the uptrend breaks and can still hit us, that would be a huge RR

AMRAZ

ZIL might catch its previously developed swing to attack range highs.

AMRAZ

If the price somehow manages to hold this level for a few hours and even tries to break the trend (blue), I'm still entering short on this level

AMRAZ

One of the few that did not retrace yet. If it does though it will be breaking the trend so the target is way lower.

AMRAZ

If we're somehow able to break the blue downtrend T1 would be my entry for a short (for now, obviously important to look at what the market is doing). If not, it will just bleed to lower levels

AMRAZ

If BTC is to test lower areas these could be very decent entries to play an even bigger (% wise) move down on BAND. RR is pretty big here. Target 2 is the best entry but if that purple line holds, the whole move is failing so it could be a re-entry after confirmation.

AMRAZ

Trade for this weekend for me is a long till first target that makes sense, don't want to be too greedy. If the current low TF levels can't get broken, I won't enter.

AMRAZ

BTC at decision point. If we're able to break the downtrend, the target is an attack on the daily level (white). If it starts losing the uptrend (yellow) the whole range might be broken and the potential target is way below.

AMRAZ

Expected target is up, however, if the price can't gain, the purple line, expect lower lows

AMRAZ

Hit a high TF level so the expected pull back can be decent. Target 1 is where I'd take profits and try to short

AMRAZ

Fractal is at the decision point, if able to break out the downtrend, next first target is very likely. If trend is broken but held by the purple line, the downside targets activate.

AMRAZ

Depending on the reached targets the outcomes could be: 1) Break hourly trend and go to the next target (green) 2) reset the range, close one or two candles below purple line and retest range low with a possibility to ladder from a higher level (orange)