Price has entered 12H order block and is looking fairly bullish on the 1H lower timeframe.
Local trend is bullish - long as set out in chart, stop loss nearest swing low
RSI appears to have a bearish divergence so that is a risk, although OB is now going up, which is a good sign.
BTC has broken out the marked range and appears to be using it as support. Plan to long to nearest orderblock but bearish divergence spotted so waiting for a downmove first to soak up liquidity then will enter on candle close above local high marked by black line.
Failed order block turned breaker?
Enter on break of local low, short to nearby bullish orderblock
Confluence for short - bearish market structure
Price below 200EMA
Price being rejected by LTF EMAs
Minor bullish trend - higher highs and lows, EMA 9 above EMA 21
Price has reached daily resistance after an impulsive move up
Order block identified in golden pocket
Bearish divergence in RSI indicating potential downmove, and 12H candle just closed is an SFP
15M BTC Short
HTF (4H) bearish - eg 21>9EMA therefore bearish bias on lower timeframes
RSI bearish div signalling reversal of shorterm upswing
SFP generated daily high
Short to nearby OB
Daily fair value gap FVG area marked in grey.
Double top / swing failure pattern formed with reference to weekly level - therefore expect some form of retrace.
Take profit near top of fair value .
Risky trade as counter trend, but it is reasonable to expect a retrace somewhere near here.
12H Fibs drawn from low to high
Drill down to 1H timeframe and see a bullish orderblock confluent with Golden Pocket area, with further confluence via Fixed Range Volume Profile indicating significant volume at the price confluent with the orderblock.
Wait for retest then long to swing high. Stop loss just below.
This asset is very bullish at present so there is a...
Potential bearish breaker area identified which resulted in a weekly level being pierced (swing failure pattern). Price then smashed through it down to a nearby order block. Wait for an underside retest of the breaker and short back down to the order block. The order block is confluent with the Fibonacci golden pocket level, lending slightly more weight to the...
Bullish market structure
BTCUSD is pumping, LTC hasn't made the same level of move.
Local double bottom formed, where marked by lower green line. EMAs 26/50/100 acting as support.
Long to local resistance, indicated by higher green line. Fixed range volume profile shows there is little volume above entry which would otherwise act as resistance on the move up to...
Potential double top formed - therefore there is potential for a retrace.
4H bullish orderblock identified which is confluent with Point of Control of upmove (using fixed range volume profile), also near a key monthly, quarterly and weekly level, and within the Fibonacci golden pocket. Wait for a retest then long to previous high. Stop loss just below the...
Bullish low time frame structure on 1H chart with consecutive higher highs and higher lows - therefore long bias for short term trades.
One hour bullish orderblock identified which is confluent with POC (red line). Wait for retest then long to nearest swing high, with potential to stay in trade to ride further uptrend. Not shown on chart but EMA 26/50/100 are all...
Price is starting to form higher highs and higher lows. Waiting for a retest of a previous swing high as support, which is also confluent with the MA200 in the bollinger band. Long to previous swing high area, with stop loss near recent swing low. This is a slightly risky trade as it is counter the macro bearish trend - eg below the MA200 and overall price acion...
Bearish high timeframe market structure
Range drawn
On 15M, there is resistance at the midway point of the range.
Lower hights / double top formed
Short to base of range.
ETHBTC daily range drawn
Midpoint marked up (middle line)
15 min bullish orderblock identified (blue rectangle)
Wait for retest and long to nearest swing high
Stop loss at nearest swing low
