With this inverse H&S, we should always look at market in 2 ways, either up or down. There might be an exhaustion at breakout/retest/fakeout of H&S, and it drops to grab liquidity . Or on the other hand, it can just retest and move up. But be careful, Market makers/whales will grab liquidity both sides.
According to Fixed Range Volume, the demand zone is $10,000 for BTC. Many orders have been booked there. Lets see what the market gives us in the coming months. We have a CME Gap at $9-10k(although CME gaps gets filled 60-80%), So far I have seen all CME gaps get filled 100%.
Next Low level of ETH in this pullback market. These might be interesting areas. Eth is in a falling wedge. once it breaks out of that wedge, we gonna expect a huge move up.But its not for now.
Sol is gonna hit that Monthly FVG, price ranging around $5-$4 and can even go beyond that. There might be some retracement before it goes further down, know when to put your trade setup.
As we can see CME GAP got filled. Lets see if it fills that CME GAP on $29k or even till $24k... Fallen Wedge failed. Bear Pressure still in. We are not in a bullish zone yet if we dont close above at least $34k.
Monthly TF, BTC broke Rising Wedge, since then been going down. Question is whether BTC gonna go back up for that retest or just crash down? BTC was filled as a LV when it went from $9k-10k to $69k. Rule of thumb: LV always get filled the same way it went either up or down. But BTC $10k is incoming for sure and real as that LV need to be filled. It's gonna be a...
Market might consolidate a bit after the liquidity void has been filled. It is holding in Buyers Golden pocket for now and also playing in OB. Wait for a break out and put your entry on retest. It can hit TP 1 ( most probable) and TP 2 less likely.
Well, that was a successful trade today. Shorted BTC after a rising wedge and a CME Gap was present. Good day to short. Profit 391%