TrippleA1

TrippleA1

A formation of head and shoulder, formed when price cleared out the previous last liquidity lows, then goes back up and make a retest to form the right shoulders. The Relative strength index is not that bad and also a clear rejection at the support with a formation of bullish engulfing. This give me a bias to long and it worth the risk considering the RR. Remember...

TrippleA1

Starting from the weekly Order block, which price is testing. Same fractals of RSI divergence and its reactions to price has been marked as well. A descending channel is forming which is more visible on the 4hr timeframe, the bias is support with bullish divergence on the daily. OB/divergence/support/descending channel. my first entry will be the mid point of the...

TrippleA1

Looking at the BTC price ranging for some months, showing point of accumulation. ALL support and resistance has been marked, with price clearing some liquidity at the resistance, on the 4hr time frame, the price is in a bearish trend and also forming a descending channel. Price breaks the last low, and the two possible movement has been shown.(1) a move to hit...