price has been bearish this am but i notice that once we retested this order block at 33k and rejected it that gave me the edge for this bullish set up. ive been keeping those unmitigated orders in my head if we stayed bullish. banks left a lot of buy orders there after purging into 29k this week. my thoughts are we are headed back there to close those orders.......
this is my intraday play for btc lets see how things play out within this range....
so ive just done some higher tf analysis and let me tell this .... even tho i just got stomp out shorting with dumb money....ive never been more happy because i know what smart money looks like and this is it! taking another short here back into 30k and from there rather we go up or continue trending im going to making up for losses ive had over the past month!...
lights out enough said.... - king btc
if you go back a few charts ago ypu can tell that i had a lot of faith in this level well now im telling you that i still have the same faith but even strong conviction and different sides of the market. I expected this level to hold but as you can clearly see its been smashed and is now playing a new role in the market for shorts...
as you can see on the daily this current daily candle looks to be a break and retest scenario to continue trend move. you can also see why we have good reasons as to why price should trade to that demand zone below that double bottom structure.. bears love double bottoms right? we shall see
as we can see on the weekly structure has created a nice h&S bearish signal. Put that in confluence with the lower tf and you may find some nice shorts to break that neckline. i have a poi marked at 20k because a very large group of buyers may step in at that point. it only makes sense to take profits before this point and be set for what happens next then. we shall see
btc monthly- this is something that i ignored this whole time... maybe because i wanted to but either way this candlestick pattern that i have circles is one of the most powerful bearish signals you can get in the markets. Add that fact with lower timeframe confluence then you have yourself a good bias. I see why the bears was laughing to the bank at the bulls...
so this morning was insane after a nice move to the downside purging liquidity and rallying back into the daily range. which means we should not come back into that zone until the banks take out buyside liquidity so after the wild move up notice how price broke the order block high that cause the move down. the breakout candle has a nice expansion range to key...
in this chart i show how i see the order block at 34k being mitigated and how price quickly traded back into the daily range after taking out sell stop liquidity and closing bank shorts to go long. price should rally back to 40k and from there we shall see.... check out my youtube channel where i show my entries and give a live breakdown of this set up
so we finally hit 34k this morning with a nice dip at a demand level resting below 34k. Every since we left 40k ive been confident about getting tp 34k and now that i see how we got there here is our levels we should look to get took out on the way back to 40k we shall see....
IM GOING TO KEEP FOCUS ON ALL ASPECTS OF TJE KEY LEVELS IN THIS RANGE. BUT MOST IMTPOTANTLY THE ORDER BLOCK AT 34K IS WHERE I SEE UNTAPPED BANK MONEY SO HONESTLY THE ODDS ARE THERE UNTIL WE BREAK OUT OF 40K AND I HIGHLY DOUBT THE BIG BOYS GIVE THE SUPPORT TRADERS A EASY ONE LIKE THAT. I BELIEVE RETAIL IS VERY LONG GIVING THE BIG BOYS THE CASH THEY NEED TO TAKE OUT...
FIRST OFF IF YOU LOOK ATT MY YOUTUBE CHANNEL I HAVE A VIDEO POSTED A WEEK AGO ON WHY I SEE BTC GOING BACK TO 50K AFTER THE VIDEO I MADE FORECASTING BTC TO HAVE A 50% CRASH BACK IN MAY. WELL I HAVE A CHART SHOWING THE RANGE STANDARD DEIVIATIONS AND AS YOU CAN SEE THREE IMPUSLSES UP FOLLOWING THE FIRST WE JUST HAD HERE AT 36K TO 40K WE CAN EXPECT OUR TREND WAVES TO...
AS I LOOK AT THE CHART AND GATHER IDEAS THIS ONE IS STARTING TO MAKE THE MOST SEND LONG TERM FOR THE UPCOMING WEEKS. IF WE HOLD AT 36K ABD START TAKNG OUT OLD HIGHS THEN I CAN EASILY SEE PRICE TAPPING INTO 40K AND IF WE BREAK THERE PRICE SHOULD REACH 45K. I SEE IT COMING ALL THE WAY BACK DOWN JUST TO MITIGATE THAT OLD ORDER BLOCK AT 34K
IF YOU LOOK AT MY RECENT POST I EXPECTED A BIG REACTION TO THIS LEVEL EITHER DOWN TO 34K OR BACK INTO 39K THIS IS A LONG IDEA I ALSO HAVE IN MIND ATM
IN THE CHART YOU SEE THE SUPPLY ZONE I MENTIONED AND HOW PRICE CREATED A LOWER TF ORDER BLOCK GIVNG ME BETTER STRUCTURE TO BASE MY RISK AROUND FOR MY SHORTS. GOOD OLE PRICE ACTION I CAN TELL THE RETAIL BULLS ARE GOING CRAZY BUYING THIS SUPPORT. WE SHALL SEE....
YESTERDAY I POSTED A SHORT IDEA THAT GOT STOMP OUT DUE TO PRICE MAKING A HIGHER REACH INTO A SUPPLY ZONE. I THEN WAITED FOR THE RIGHT TIME AND NOW I HAVE DIFF SHORT POS ON BASICALLY SAME SET UP SCENRIO AS YESTERDAY
EVERY ONE AND THEIR FREAKING MOMS IS GOING LONG HOPING TO CATCH A TEN SECOND MOVE TO 50K BUT AS YOU CAN SEEE I DONT THINK PRICE IS READY JUST YET. THAT DAILY PIN BAR HAS A LOT OF ORDERS THERE AND THATS WHERE I SEE PRICE HEAED. ALMOST NEAR THE END OF ROAD TO 34K