As i posted on the btc short idea i was aware that we should tap into some old lows but i would keep a eye on this level where we have a fresh demand zone as price sweep below a structure higher low and filled a imbalance. We could easly see a retracement back into london session high before continuing the trend down. just something to be aware of.
This last few weeks on gold gave a nice run above a old weekly high structure tapping into some imbalances at 1900. by doing so i am shorting this high made at the ny opening back down into the low that created this up trend which should give a nice dump to take out sellers that bought into the range. that is all thanks for watching
I was expecting a push more aggressive above 44k last week but after watching price and studying the history to the left i have bearish edges formed at this level being that price didn't make a aggressive break past 44k. The rally we had away from 33k only went above the structure high that formed the low to sweep buy stops and filled a imbalance tapping into...
after a nice start of the year with a rejection at the demand zone near 30k and price rallying back into 40k also breaking "trendlines" im pretty sure the market is ready to attack some previous highs and important structures to reel in more bulls.. a bull trap i suppose. im looking at 60,500 supply zone to hold price and give a similar rejection we saw at 33k....
During nyc yesterday price gave a nice rally above last fridays high and started showing weakness as i was also looking for another push down into 1785 which did not happen just yet.... i figured we would get another run into a previous high in order to get back into mondays lows which is where im looking to take longs to swing for the week. Here it is london...
I will also start posting my gold analysis and as you can see price just breached last friday's liquidity to give us a nice dump into 1785 demand zone for the weekly bull run. This is a pretty straight forward trade plane for me. Once price trades back into 1785 i will be going long for the week. thanks for watching...
Looking for a run above last weeks high to take out any weak hand sellers and run back into the htf demand level i have marked around 35k which was the last down move before the upmove. Once price trades into that zone i will be looking for buys to hold for the weekly bull move making a new expansion towards 40k. I am bullish this week but first price must shake...
remember this day and this post and the time which is 4pm est tuesday july 13 2021 im calling longs from here....straight up we go....
ok after my first short on this set up i got stomped out but looking at how price reacted to the highs i am still confident in the short and right about now i am so much as confident to say we are about to attack the weekend lows ant make an explosive move up,,,, dont know when or how but just be looking for that low to be tapped and 40k to be broken.... we shall see..
last night i took shorts at this level and didnt get the move so im setting up for this short but im anticipating price to reject and make a new high before going lower...we shall see.. this should be an easy one
in this mark up i have a short idea that im taking currently as price rallied on the opening today... notice how price is coming to the same order block level and imo opinion they are loading up sells to take out buyers next to shake the market early in the week. i know this up move have screwed any sellers mind up and now their thinking of going long... buyers...
catching some nice shorts check out my markup i will post results on how this set up play out...classic order block short trade
this is how my prev set up looks with candlesticks....
i pulled out the line chart on the lower tf to take a look at how wyckoff accumulation is forming inside a order block. there is alot of bullish confluence in market structure atm we shall see
ive been studying wyckoff for some time now and this market structure on btc looks like a real wyckoff. wyckoff is all about market structure and as you can see btc lines ups with what we need to get our mark up to 50k... if this "spring?" holds at 31k then we may have a nice uptrend forming...
well btc took a nice dip into the low going towards 30k. we did not get the big breakout to a new low and price gave a nice rejection. i put a fib on the market structure and just wanted to post this idea... whats your thoughts on btc? me i believe this move down is a bearish fake out to go to upside until price breaks and holds 30k im bullish long term
these are some fib levels thats in confluence with our market structure... take a look... i took one fib and used it on the HTF breakout structure and use a smaller one for todays range... we shall see