My analysis is for BTC to retrace to 51k-53k before a big move can get to happen. Just as it is shown in the picture, there is an order block below in the weekly timeframe that needs to be filled first before we can see a big push. Fundamentally, BTC is still bullish from a long-term perspective.
Using the fib retracement tool we can see that gold has retraced close to 100% level and last week price broke the previous LH
This pair has been trending up for a long time now. There are lots of unfilled FVG in GJ but I want to see it come down to that structural liquidity below because it took out a low, broke structure, and started to trend upwards. Apply low risk on this one......
the overall trend is a daily downtrend, which confirms that we are following the trend. So, we will head to a lower timeframe like the 1-hour timeframe to find an entry. I saw a sweep of the previous high and after the sweep, I saw a BOS that later didn't take out the new high which confirms that there will be a shift to the downside, and we call it SLQ. After the...
Read the description in my previous trade because that's the same thing. Thanks for understanding