Price returns to OB and BTC doesn’t manipulate or misbehave then we could see a move up
The bank holidays is making the market slow and choppy but I’m seeing a redistribution so we stay patient
Gbp-jpy came down to my OB and went up (bullish) but failed to break swing high but still bullish so one touch at OB might grab liquidity and go up By the way 65pips+ On my long trade, targeted 78pips but still expectant
GBP-usd has finally touch the last point of supply(Lps) so we’re expectant of a move to the downside Possible ?
We expect Gbp-usd to buy up to the last point of supply which is also our OB(grey rectangle) and sell Daily bias:bearish
Today, GBP-JPY made a new High and we expect it to continue making successive highs because the trend it bullish so I expect a return to order block and continue going bullish Possible ?
It returns to my order block and goes to my take profit
Btc analysis: retest to 43k supply Zone and then impulsive move to 37k demand zone
So the general market structure of btc is a descending channel but in the 4hr and 1hr time frames, btc has been ranging but it finally broke to the upside and formed a descending channel(yellows lines) in the lower time frames and it broke out of the trendline and it’s heading to the upside(42k)which a double top could form( short bias) and if it breaks out of...
On my daily trendline (represented with yellow lines) we can see the move Is a downtrend then on my 4hr trendline(represented with purple lines) we can see an ascending wedge so I believe BNB will make a little short then go up to 430-455 and go short again before the possible *BULLISH RUN*.
Now we can see that btc is heading for a sell so there Is a possibility that it will short to my 1hr trendline and retest up to the dynamic resistance(50 MA) and go back down or it will intersect the 1hr trendline therefore support turning resistance
We can see BTC broke out of the descending wedge and it’s heading to the upside if it hits 52k then it’s a sure bull run
There are two things involved either we have a breakout from that area of value there or a move back to the down side