Hello guys,
today Im back with close up on,
What do I expect from BTC, prior coming close to FED meeting Jan31'.
I will try make it clean and simple, since thats How I prefere to handle trades.
On chart I marked Liquidity boxes for each Buyside and Sellside, those are my main targets in IF scenario.
-- IF scenario is --> IF price come HERE, I do THIS! --
So right now I believe that we swept Highs of our Buyside liquidity and close to end of month we will be working on Sellside (marked Lq t1-t3).
But, it doesnt mean that we have to move right now, there is still potentional, that in next few days (1-4) we will move to Optimal Trade Entry t1-t2. Which are 3% resp. 7%.. Which is far away, if you decide to open Short position at this moment. Which, is far from Optimal open in my opinion.
So, what would I do, in case I didnt have Open position?
________________________________________________
For me,the Best option right now would be to Wait until Today Market news happen, and then react to what price do, with a plan...
IF I would have to do something now, I would open Short position, with SUPER thin STOP LOSS range at 1,25% from Price in which are we right now, that would be Close above Yesterday Highs around 43225.99$.. If I goes above, trade is abadoned and I sit on hands waiting till price reach Buyside t1-t2 to Open new Short trade there at right time.
WHY I think there is Highier chance of going Lower then highier NEXT Close to meeting is,
When I ZOOM OUT, to check Price from Highier Timeframe Perspective
(edit. picture working only after DOUBLE-click openning)
There is Clearly to see that after EVERY move Highier there was Retracment to prior price levels With TIME close to FED events.
In last few Months BTC rallied without really going throuth this process of "backtesting" price, and since we coming to "uncertainity event", I would expect that we may "get it done right now". And just after that, IF there is NO CHANGE in FED policy market Can keep going back to Highs.
Note, I expect we reach at least Sellside t1, potentionally close to t2... Reaching t3 would be considered as "extreme" in this short time. And potentionally GREAT reverse AREA.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
today Im back with close up on,
What do I expect from BTC, prior coming close to FED meeting Jan31'.
I will try make it clean and simple, since thats How I prefere to handle trades.
On chart I marked Liquidity boxes for each Buyside and Sellside, those are my main targets in IF scenario.
-- IF scenario is --> IF price come HERE, I do THIS! --
So right now I believe that we swept Highs of our Buyside liquidity and close to end of month we will be working on Sellside (marked Lq t1-t3).
But, it doesnt mean that we have to move right now, there is still potentional, that in next few days (1-4) we will move to Optimal Trade Entry t1-t2. Which are 3% resp. 7%.. Which is far away, if you decide to open Short position at this moment. Which, is far from Optimal open in my opinion.
So, what would I do, in case I didnt have Open position?
________________________________________________
For me,the Best option right now would be to Wait until Today Market news happen, and then react to what price do, with a plan...
IF I would have to do something now, I would open Short position, with SUPER thin STOP LOSS range at 1,25% from Price in which are we right now, that would be Close above Yesterday Highs around 43225.99$.. If I goes above, trade is abadoned and I sit on hands waiting till price reach Buyside t1-t2 to Open new Short trade there at right time.
WHY I think there is Highier chance of going Lower then highier NEXT Close to meeting is,
When I ZOOM OUT, to check Price from Highier Timeframe Perspective
There is Clearly to see that after EVERY move Highier there was Retracment to prior price levels With TIME close to FED events.
In last few Months BTC rallied without really going throuth this process of "backtesting" price, and since we coming to "uncertainity event", I would expect that we may "get it done right now". And just after that, IF there is NO CHANGE in FED policy market Can keep going back to Highs.
Note, I expect we reach at least Sellside t1, potentionally close to t2... Reaching t3 would be considered as "extreme" in this short time. And potentionally GREAT reverse AREA.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
