idan_porat

idan_porat

On BTC we may not reach the SSL in OTE, we created a big SMT with ETH and another small SMT that confirmed that we want to go higher. there is a good chance that we will reach BSL of the current price range. I will not take a trade because it's not my setup but I will watch and journal.

idan_porat

Right now im waiting to see how we react after we sweep the SSL that is above the OTE of the current price range If i will see bearish confirmations on LTF i will long targeting the daily - fvg If i will not see a confirmation i will wait for the daily +fvg to be hit, its lower probability but its possible

idan_porat

Right now im waiting to see how we react after we sweep the SSL that is above the OTE of the current price range If i will see bearish confirmations on LTF i will long targeting the daily - fvg If i will not see a confirmation i will wait for the daily +fvg to be hit, its lower probability but its possible

idan_porat

we got a good reaction from the daily +fvg and reached BSL. one the way to BSL we touched a 4h +fvg (white lines) and created a daily +fvg. I don't want to see price reach the daily +fvg, especially because the price leg that touched the 4h +fvg is now a 1d +ob. Keep in mind that if we respect the daily -fvg we have above we might reach the daily +fvg, but I...

idan_porat

Entered long without waiting for confirmation, got stopped out. This happens. I was too convinced on the DOL so i just put my limit in the 4h + fvg. I will wait until Monday to see what happens and reevaluate the market

idan_porat

BTC looks very good, I wanted to enter a trade on the 1h when I first saw the displacement towards the up side, but I wanted to see a retracement to discount. the displacement confirmed we want to look for BSL. right now I'm looking to see that price reaches discount, I prefer even reaching to SSL that is close to OTE of this price leg. then I will look for a trade

idan_porat

I will start to search for a long once we reached the daily +ifvg. but a higher probability trader will be once we tap the 4h +fvg that is in discount. it all depends on LTF confirmation. if I will see long from the daily +ifvg I will put my stop in a safer place in case it wants to touch the 4h fvg if price reaches discount the stop will be pretty tight because...

idan_porat

like I expected, we completely disrespected the daily -fvg. right now I'm waiting for price to come back to discount to buy. I want to see a reaction off the daily +ifvg (the daily -fvg we disrespected) or the 4h +fvg we created.

idan_porat

VSA shows there are a lot of buyers here, although there are also a lot of sellers. but right now none we broke the demand zone the sellers got tired, that's why when we came back into the range we can see we get a big result without a lot of effort. (a big up candle with average volume, compared to the big down candle we had prior with a lot of volume. It show...

idan_porat

1h looks interesting. we are respecting bullish PDAs. since we have bullish order flow on the 4h then I want price to reach discount while taking all the lows on the 1h, react to the 4h +ob then continue higher towards the BSL. this move will be the reversal of Friday on the weekly range. I expect a significant move on NY session, in the next couple of hours....

idan_porat

on the 4h we see we are staring to respect bullish PDAs and disrespect bearish PDAs. we disrespected the 4h -fvg and respected a 4h +ob and a 4h +fvg. I'm still waiting for more confirmation, I want to see a clear displacement to the upside because we didnt have manipulation at the lows. for I wanna see the reaction to the daily and 4h -fvg. then I will decide...

idan_porat

as we expected, price reached the weekly +fvg. we also created a SMT with ETH. for now I'm watching to see what will happen. I want to see displacement on the daily or the 4h to confirm we r going back up. I want to see the daily -fvg gets disrespected.

idan_porat

BTC reached 1d -ob while ETH reached 1d -fvg. that created a really big SMT. it look really bearish and if I will see displacement to the downside on the 1h/4h on ETH/BTC I will look for shorts. But pay attention that if we will not see a clear intention to go lower there is a chance that the DOL on BTC will be the daily -fvg, and if you take a short right now...

idan_porat

although we reached the 4h -fvg, we didn't see any reaction. notice that we created a daily -fvg , so I anticipate price to reach the daily -fvg (which is also the high that reached the 4h -fvg, that will be a run on BSL) once we reached the daily -fvg I will look for bearish signs on the lower timeframes. of course, if something unexpected will happen I will...

idan_porat

I was waiting for a mss with displacement to show me that we actually want to go lower. it didn't happen. the more down was weak and we respected 1h +fvg. for now I'm not looking for shorts. I anticipate a move higher, I will explain in the next post why according to HTF

idan_porat Updated 

BTC looks bearish, we had a strong displacement through a low, that is a mss, and we disrespected the 4h +fvg. Also we had a SMT with ETH so this is another indication of shorts. Waiting to see lower timeframe confirmations for shorts, for now be patient

idan_porat

on the 4h we still respect bullish PD arrays. for now I expect to reach the 4h fvg below the SSL then continue higher, I don't know If I will enter a trade because the price action is weak, and there is a bearish SMT with ETH. I will wait for more price action

idan_porat

we have a pretty interesting situation on BTC. we didn't touch the weekly fvg and crated a smt with ETH on the lows. then we had CISD. this may seem kinda bullish but there are a couple red flags. first is the daily fvg we have above, we already took BSL and there is no displacement through the high. also we didn't create a good bullish fvg and the price...