Entry point is only confirmed once BTC creates a FVG now on the first wave down and comes back into it a bit later. Then a short position will be opened once I got confirmation on lower timeframe (1, 2 or 5 min.) As target I see the 4h FVG which is marked on the charts. Sure I could be wrong... so no financial advice! :) Cheers, Chris
After msb on 5m TF I'll wait for msb on the 15m / 1h TF and then look for longs in the OTE zone. Solid long possibility on the 5m OTE for those who catched it... I'll wait for further confirmation. First step: 44k Then OTE
Solana broke the market structure on the 4h. Will we get a OTE for shorting soon? I will keep an eye on it the next few days. Attention! We had a nice run with around +100% here the last weeks. So be careful shorting this!
This was the initial idea: In the meantime OTE was hit so a perfect short entry there. I now added targets 1 and 2 for the Solana short.
Hard to tell if BTC will go up or down the next few days but I'm pretty sure we will sweep eighter the higher or the lower range (yellow box). Weekly close didn't look that good so I would go for the orange path. But for me that's a no trade zone. I'll wait for confirmation of one of the two scenarios before entering markets. Sometimes it's better to be at the sideline.