SFP on Weekly ! Will be looking for intraday shorts on RTO!
Good reaction from weekly OB. Liquidity Raid into OB + MSB on weekly chart.
Firs scenario- We see that the price is currently sitting at the swing low 12h TF. Right now i would like to see sweep of that low to consider some long positions as the price is also in HTF Order Block. If price manage to sweep the lows we may see pull back to the Order Block above and potentially first target would be 1h/4h breaker blocks, how ever we have...
BTC has reached weekly imbalance 0.5. We can see that before the pull back which started from weekly Order Block price has left some nice equal lows. As our order flow is bearish i am expecting the price to sweep those lows before the reversal to bull cycle. So far i am monitoring LTF for the confirmation to see if price wants to react from weekly fair value gap...
So far on chart there as some possibilities that we can see the price pulling back little higher to fill up some inefficienties in price maybe test Order Block. The rest i have explain on chart. If you have any questions let me know :)
As BTC in down trend we must follow the trend :) Also Follow me for more ideas on BTC !
Price has created AMD pattern near important short time swing high also tapping to huge liquidity pool from Weekly Time Frame. However we still have untaken key swing high which may be taken off before reversal.
Waiting for a short set up to take off the liquidity that has been built
Will be looking price to come back to POI on HTF which are highlighted on graph to look for short continuation position
There is an idea of BTC coming more down in following weeks as market structure is bearish and we did create a breaker block on HTF (12h) which could send BTC to collect the liquidity that is resting below