BTC 4HR Possible price movements/targetsPrice needs to hold the Breakout of the uptrend and gain the Excess price line.
BTC Overbought now so retracement to lower levels very possible.
If price breaks above, I am going to watch the Long POI as possible retracement target for BTC.
Before BTC will try to go to the 50K level.
No financial advice
Liquidation
FEAR, TIME TO ADD LONG POSITION.Weekly Time-frame
We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon.
1D Time-frame
EMA 144 and 233 was a strong resistance level, we got rejected and even broke the Ichimoku Cloud Senkou A. Bouncing area is $40,594. If we still break the support of $40,010. if it doesn't hold, next support is at $39,056.
Greed and fear Index is 33 back to fear.
alternative.me
Liquidation is $222M mostly long position. That would be a potential bullish in the coming days as all long position gets closed so it will pump again. We are still expecting it to form higher low to continue the up-trend.
4H Time-frame
We have broken Tenken Sen and Kijun Sen support of Ichimoku Cloud. Next support is 144EMA and 200MA are both located at $40,745. EMA 233 support is in $40,961. 4H TF still in the Retracement period in our Awesome Oscillator.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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BITCOIN !!SMC!! RANGE PHASE "FAKE" TRAP TRADING SETUP Here is a scenario of what could happen just before the next drop to 30k, Bitcoin is probably going to "range" in the next days/week and then set up a bullish pattern which is a trap to liquidate traders and then crash.
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!! IMPROVED SMC BITCOIN (BTCUSDT) SCENARIO !!
- SMC based Bitcoin "W" pattern, see linked post for more info
OB - orderblock
IMB - Imbalance
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Only Strategy You Ever Need! .. Liquidity Build&SweepHello everyone!
Liquidity is the main force that moves all markets, understand it well, and everything becomes clearer...
Liquidity, simply, is "where orders are resting". Sometimes it is clear, other times not. So you have to look really well into where we have relative equal highs (sell-side) or lows (buy-side).Does that mean to jump into buying below relative equal lows/selling above relative equal highs right away? Of course no. As explained above, most of the time we have an indication as to whether the Market is responding as it shouldmd or not. Like a rejection or multiple rejections or a candle pattern or whatever.. you should see and indiction in price action, not indicators. Also pay attention to time frames. Equal highs/lows should not be treated the same way in small and big time frames... At least 15-min timeframe is recommended...
Your comments are highly appreciated...
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BTC, Shaky Market Ahead!@everyone be careful of BTC right now. It will be shaky couple of days. I think we may have a wick to the lower trendline today. Everyone is going long so it's time to liquidate some leverage trades.
Be very careful of alt coins they will get destroyed over these highly volatile moves.