TradingView
movida
Jun 11, 2023 5:48 PM

ETH,BTC: finding liquidity pool using ICT ipda data range 

Ethereum / TetherUSBinance

Description


1d: The current range is a point that has broken the lowest point of the ipda range.
I concluded that the quarterly shift was bearish, so I had a short bias trade on Ethereum, and held the position, assuming the liquidity run would be below the $1740 low.
Then, over the weekend, I squared off my position as the low was breached.


1h: Bitcoin had an early breach of the low, and there was an opportunity for a low risk confirm entry.
The current range of Bitcoin is also a point where the bottom has been broken, so there might be easing of the market maker's positions.
At this point, it doesn't seem like a zone where you should go short or switch between long and short.
More