Simple idea here, if BTC gets stuck between the weekly range, then maybe ETH gets some traction. There hasn't been a meaningful pullback since the last move up so we may see that move down soon or we follow BTC and move straight up fairly quickly after a shallow move down to sweep the lows That whats I'm illustrating here, small sweep of the recent lows and then...
Planning on a push below 100k over the next few days, I'll be looking for possible entry around 96 - 98k if LTF shows good support. The monthly open is at 100k so Id expect to see some rejection at that level, there's also a monthly FVG around 97k which price could revisit. My target will be the BTC highs, areas of interest marked on the chart.
Think we see a move up to the 0.786 fib level from the recent highs with a rejection down further if more blocks or doubt is cast on the new trade deals and tariffs. TP would be the weekly lows Bearish thoughts - The fundamentals of the tariffs deals are getting challenged - A bit more aggressiveness from china and we might see a move down - Daily MACD is...
OPEC are producing more oil which should drive down the price of Oil in the short term. The overall trend is down so Id be looking to take a short where highlighted in the chart. It sits perfectly on the golden pocket, is aligned with a high volume node Even if the info above is already factored in and the price moves up on Monday open, id expect some kind of...
GBPJPY is coming in to the previous daily high a few days ago, there's a Daily FVG 120 pips away. Doesn't seem unreasonable for liquidity to be taken from there before continuing back to the daily VAH level marked. Short 193.75 TP at 192.00 Long 192.00 TP 195.80
BTC heading to external liquidity at 99k, once that's taken I'm planning on a move down to the 89k daily FVG before a move up to new ATH's Targets - short 99k to 90k - Long from 90k to 120k
Price is nearing the weekly resistance after extremely bullish price, expecting price to start stalling next week as it pushes in to the golden pocket zone where we'll see a move down and some higher lows lock in. Ill be looking for a short entry on a low volume move up on the 5 minute time frame after we've taken the external liquidity above the weekly resistance level