Looking at this potential scenario 27300 - 26950 - 27500 - 25000 - 30200 all dependant on price action when we get to the areas.
EUR took out previous day low and made ltf market structure change
CL took out the 66.1 low, got a nice reaction and made a market structure change on the Daily. If the Weekly can close back above the previous year low at 70$, I think its got potential for some nice upside.
comparison to my potential short term BTC bullish outlook
If BTC gets acceptance above 32k, I think it's likely we see a push up to the previous yearly open around 46k. This would look very similar to what happened in 2019.
Never got the low time frame set up I was waiting for at 28k. If the 28.9k high gets taken with a swing failure or a deviation and gets back inside the range, then I will enter a new short.
102.5 liquidity got taken yesterday and had a decent reaction. Now we need to see low timeframe price action to see if it can hold up or if it will get invalidated.
After the FOMC rejection, we got a bounce and now looking to add to my short around 27.9-28k only with low timeframe confirmation!
Looking for a liquidity grab after taking the 1.094 high and filling the imbalance above. Will enter on a low timeframe set up with tight risk management.