Hey traders,
I've spotted Wyckoff accumulation happening on the 5min timeframe and just got decent entry conformation to take a 1:4 R:R trade. We will be targeting the 50% fib of imbalance with a stop at the lps. (you can enter on a this slight pullback). If this plays out as expected then BTC may potential move higher in the short term.
like and follow if you found my analysis helpful and want more detailed price action breakdowns
I've spotted Wyckoff accumulation happening on the 5min timeframe and just got decent entry conformation to take a 1:4 R:R trade. We will be targeting the 50% fib of imbalance with a stop at the lps. (you can enter on a this slight pullback). If this plays out as expected then BTC may potential move higher in the short term.
like and follow if you found my analysis helpful and want more detailed price action breakdowns
Note
Here's what the 5min looks like Note
LOOKS EVEN BETTER ON ETH Note
GUYS COMMENT IF YOU TOOK THE TRADE! Should I make more lower timeframe breakdowns and show my own trades?
Feedback is appreciated!
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Related publications
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.