Good day traders, I am back with yet another update on BTC/USD. My last update on bitcoin what I was expecting price to do unfortunately did not happen as price was very weak, I had a FVG(SIBI) that I really wanted price to revisit and the two price levels that make up the SIBI are 107752 and 107149.
Now that both our sellside liquidity were taken does that mean price is now gonna look for the buyside liquidity? My honest opinion is I don't think because I said 97k is insight and I believe it can still happen and it will according to my HTF perspective.
On the daily TF we have clear sight of relative highs that we wanna see price take and that might happen today but my short term objective is the high that was booked on Tuesday. That Tuesday's candlestick has a very large wick and from my time learning with ICT's content, wicks contain a lot of price data that can be used either for entries or exits.
4H- Here we had a shift in market structure lower on Thursday but price has been bullish ever since the shift happened. On this respective TF we have equal highs too, and ICT teaches us to always focus our attention on them mainly because price looks for liquidity and imbalances on the 4 hour TF...should we look closely on the left of our screens or chart, there is an order block from the wick I mentioned above. Again what are the rules of an order block?..
FROM TOMORROW PRICE WILL START TO PLUMMET!!
Now that both our sellside liquidity were taken does that mean price is now gonna look for the buyside liquidity? My honest opinion is I don't think because I said 97k is insight and I believe it can still happen and it will according to my HTF perspective.
On the daily TF we have clear sight of relative highs that we wanna see price take and that might happen today but my short term objective is the high that was booked on Tuesday. That Tuesday's candlestick has a very large wick and from my time learning with ICT's content, wicks contain a lot of price data that can be used either for entries or exits.
4H- Here we had a shift in market structure lower on Thursday but price has been bullish ever since the shift happened. On this respective TF we have equal highs too, and ICT teaches us to always focus our attention on them mainly because price looks for liquidity and imbalances on the 4 hour TF...should we look closely on the left of our screens or chart, there is an order block from the wick I mentioned above. Again what are the rules of an order block?..
FROM TOMORROW PRICE WILL START TO PLUMMET!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.