With BTC currently showing bullish sentiments and already exhibiting good momentum for buys, BOMEUSDT has cleared liquidity resting on the 4HR, and after such a sweep, the indication is a reversal in direction. Hence, I expect price to take out that high marked out as MSS to cause a change of character and retest into the FVG below that causes the CHoCh and then...
Upon careful reassessment, I saw the possibility of market moving from the higher OB. Structure has been broken, so a retest to the old low, is quite unlikely. At least, that’s what I feel. It could be one or the other, but this trade defines which stands true.. Lower OB vs New Structural OB
Change of character, followed by a pending sweep. PENGU is relatively new to the market, so there’s not so much info to work with, but the 15m,30m chart gives us that info we’d need. It dumped temporally following BTC’s dip, and is now in recovery (or, at least it looks like it). I believe this region would be a good range for buys Hope this is helpful, let’s watch.
Appears to be a pullback to entry. We could expect a liquidity grab after sweeping the buyside liquidity just above as entry to sell to the nearest sell side liquidty and orderblock located at the bottom as seen on the chart.
BTC has broken a a trend and formed a lower high. A short confirmation would be in play if it forms a lower low and bounces off the trendline for a retest. If the trendline refuses to break upwards, then its straight back to the bullish order block.
Trendline break confirmed. Anticipating a move to the downside to the nearest demand zone. A retest on the trendline, and a formation of a lower low would further confirm this move. as it would be a successful break of structure to the downside.
BTC Appears to have fully formed a rising wedge on the current downtrend in the 1hr timeframe, and from knowledge of chart patterns ad price action, it is obvious that a rising wedge on a downtrend is a trend continuation pattern. This downtrend would be met with a previous zone of support at the 42,400 regions. This could lead to a bounce to the top side,...
There is an observed break to the topside of a descending triangle on the 5 min time frame. This is followed by a pullback to a downtrend line. Bullish momentum is nit fully dissolved, as a slight uptrend is also noticed. Possible reversal to the 31.433 target is in play, before any other moved downward. Setup shown below. NFA, just my own insight on this,...
An ascending triangle formation has been observed on the 15 minute chart and 30 minutes chart. A possible break to the upside is likely to happen following the consolidation break.
This charge appears to be forming a symmetrical triangle and that is a clarification of the future bullish movement probably in a short time sentiment.