Waiting for the BIG Short
Updated
What can we see at the moment:
1. We have downside movement (after the breakage of higher low on HTF on Ethereum at $1825), so we have to look for the suitable short position entry.
2. Our suitable short position should be in premium zone (more than 50% FIBO from the top to the bottom of the movement).
3. We should look for the HTF Order Blocks in premium zones (I mark them by grey rectangles "OB").
4. As we can see, the volume profile seems to be the maximum on middle OB. That’s all about the max trading interest in this area.
5. What is the danger of that middle OB on Ethereum: there is accumulated liquidity nearby (little upper) and a big player, in theory, should collect this liquidity, which means that our position, placed in that OB, can be easily broken. The only right way to enter this position - wait for confirmation on LTF (ex. 15 min).
6. Why we are not good to enter the XXX Order Block: first - the is no usual OB on HTF, only on LTF, second - its near 50% FIBO zone, but we want the higher win rate, so we must look for the FIBO 61.8 or higher position. BUT! Sometimes this XXX order block will work, so you can decide, if you want to take this position or not.
7. After price will reach our OB targets - we should notice some reaction from these areas, and only after than - we can try out BIG SHORTS.
This is not financial or trading recommendation, its just my thoughts about where I want to see the price and what my next trades.
Fill free to like my analysis, if it sounds good :)
Stay tune for this idea updates!
1. We have downside movement (after the breakage of higher low on HTF on Ethereum at $1825), so we have to look for the suitable short position entry.
2. Our suitable short position should be in premium zone (more than 50% FIBO from the top to the bottom of the movement).
3. We should look for the HTF Order Blocks in premium zones (I mark them by grey rectangles "OB").
4. As we can see, the volume profile seems to be the maximum on middle OB. That’s all about the max trading interest in this area.
5. What is the danger of that middle OB on Ethereum: there is accumulated liquidity nearby (little upper) and a big player, in theory, should collect this liquidity, which means that our position, placed in that OB, can be easily broken. The only right way to enter this position - wait for confirmation on LTF (ex. 15 min).
6. Why we are not good to enter the XXX Order Block: first - the is no usual OB on HTF, only on LTF, second - its near 50% FIBO zone, but we want the higher win rate, so we must look for the FIBO 61.8 or higher position. BUT! Sometimes this XXX order block will work, so you can decide, if you want to take this position or not.
7. After price will reach our OB targets - we should notice some reaction from these areas, and only after than - we can try out BIG SHORTS.
This is not financial or trading recommendation, its just my thoughts about where I want to see the price and what my next trades.
Fill free to like my analysis, if it sounds good :)
Stay tune for this idea updates!
Trade active
Good bounce from the XXX Order Block. The previous ETH low should be reached.Note
Unfortunately, I didn`t notice the strong price zone (1757-1769), from where the previous upward movement starts/Note
We can have the second chance to try this Order Block.Note
Nice bounce from our OB zone.Now you can move your order to breakeven level.
Trade closed: target reached
All targerts reached!Thanks for following my ideas!
See you soon!
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