MEXC:BTCUSDT As we knew before that when IDMs got grabbed, after getting a SCOB on our structure time frame, or wait for a ChoCh on the lower time frame (which now the LTF is 5 mins chart), we can get into the position (which here is a Buy Position). And now we had a ChoCh on the 5 mins time frame on Bitcoin which allows us to open a Buy Position. P.S:...
MEXC:BTCUSDT Apparently a correction has been started. The high of the structure confirmed by touching the IDM.i. If the 1H candle closed lower than IDM.i, we may expect price to drop further to the DP.i / ENG.i / EX.i otherwise the IDM.i grabbed and make a SCOB for us to enter another Buy Position and the target one is the high of structure (63850) and the...
MEXC:BTCUSDT 1H As I Wrote yesterday we had to wait till price dip down to the DP.i point of interest box. then we got a confirmation signal to get into a buy position. as you see my chart, we have a SCOB type confirmation signal. then we can buy here on a 2.6 Risk to Reward (R/R) position. Hope you enjoy the ride.. I will update Bitcoin regularly.. Take...
MEXC:BTCUSDT Here's what SMC tell us: after a slight dipping to the DP.i (58550) point of interest (POI) then we ready to see a confirmation signal to buy the dip. that confirmation would be 1. SCOB: Single Candle OrderBlock 2. Lower Time Frame (5mins) ChoCh: (ChoCh: Change of Character) Without a confirmation entry, we are not allowed to execute buy...