Dave_DayTrader

Dave_DayTrader

BTC is oversold out of an downtrend and important zone. Best to look for Longs smaller timeframe. Price is forming first signs of a bullish reversal. Price made a Bullish Break Of Structure (BOS) W pattern is possible to form. (Smart money pattern) Watch the green orderblock and the purple one for a liquidation limit long order.

Dave_DayTrader

Its important for BTC to hold the Uptrend 4HR. BTC is still bullish as long as it holds the uptrend. There is a possibility that BTC will test liquidity to the downside and fill some imbalance in the market. it is then important for BTC to regain the uptrend and hold the bottem line then BTC is still bullish for me for the mid term. For now BTC is in a perfect...

Dave_DayTrader

Its important for BTC to break and Gain the downtrend for further Bullish BTC and activation off Long trades on the lower timeframe. Price broke a bearish structure, first sign of reversal to Longs. watch for the break for a second conformation so the long setups have a better probability. No financial advice, just my idea about the Long setups for today. Goodluck.

Dave_DayTrader

Price needs to hold the Breakout of the uptrend and gain the Excess price line. BTC Overbought now so retracement to lower levels very possible. If price breaks above, I am going to watch the Long POI as possible retracement target for BTC. Before BTC will try to go to the 50K level. No financial advice

Dave_DayTrader Updated 

If Price breaks LTF Support mentioned, there is a high probability BTC will test lower in the consolidation zone before moving up. No financial advice.

Dave_DayTrader Updated 

Perfect condition to take this long: BOS Makes HL Filled total imbalance

Dave_DayTrader

Strong Weekly price action on the level of 43K Perfect for a liquidation retracement On the 15mins nice demand area + Imbalance

Dave_DayTrader

BTC in Breakout of the 2 uptrends Also it is in excess price that means its overbought. Short term retracement very possible

Dave_DayTrader

If BTC holds, the Supply area is a possible target. Watch out if BTC loses zone there is an possiblity that there is a fadeout out of the compression. If Market maker move is inplay possible target lower then the Compression

Dave_DayTrader

Important for bullish pressure to stay in the new Big zone 4HR

Dave_DayTrader

If Price loses The green Support box High probability BTC will go to the Lower green line. BTC is making LH's on the lower timeframe 5M. Look for a break from 46700 BTCUSDT to activate Shorts.

Dave_DayTrader

Price is overbought and possible end Uptrend channel For healthy market retracement good moment Price is also in Non-Liquid Supply so market maker move out of consolidation zone good possiblity