Great couple of days for BTC.
BTC put its foot down and made the statement that April is all about the King BTC.
We said goodbye to low volatility for the time being. With Buy Stops used as jetfuel to reach the local resistance. Forming a new range.
Reflecting on current chart, the picture is becoming clearer. Some clear ranges coming into focus, and forces the need to zoom out and take into consideration HTF Order Blocks that have remained untouched of sorts for what feels like an age.
Short term, keep thinking liquidity and order flow. Let ones eyes be drawn to the x's where liquidity lies, and where new ones form. Don't be fooled and prevent yourself howling pump or dump, as the moonboys do. Instead think big player. Plan any shorts and longs around the new range and liquidity pools.
BTC will retrace, it is necessary, the green dildo was excellent and fun to watch, but it was also inefficient and there are price draws lower down that can't be ignored.
Confluences all over the place.
The D1 breaker is the buy zone for me - at some point - before BTC makes its ascent to challenge the strong resistance just below $6k. Sparks will fly there.
In the meantime - be patient - there is plenty of chop ahead - so be wary of liquidity sweeps and time your entries for any range scalps.
Catch those wicks.
BTC put its foot down and made the statement that April is all about the King BTC.
We said goodbye to low volatility for the time being. With Buy Stops used as jetfuel to reach the local resistance. Forming a new range.
Reflecting on current chart, the picture is becoming clearer. Some clear ranges coming into focus, and forces the need to zoom out and take into consideration HTF Order Blocks that have remained untouched of sorts for what feels like an age.
Short term, keep thinking liquidity and order flow. Let ones eyes be drawn to the x's where liquidity lies, and where new ones form. Don't be fooled and prevent yourself howling pump or dump, as the moonboys do. Instead think big player. Plan any shorts and longs around the new range and liquidity pools.
BTC will retrace, it is necessary, the green dildo was excellent and fun to watch, but it was also inefficient and there are price draws lower down that can't be ignored.
Confluences all over the place.
The D1 breaker is the buy zone for me - at some point - before BTC makes its ascent to challenge the strong resistance just below $6k. Sparks will fly there.
In the meantime - be patient - there is plenty of chop ahead - so be wary of liquidity sweeps and time your entries for any range scalps.
Catch those wicks.
Comment:
Equal highs from April 1-3 taken out.
Rejected at first attempt by Oct '17 Monthly Breaker EQ.
A continued consolidation here points to another attempt at 5500-5690 range.
Watching H4.
Rejected at first attempt by Oct '17 Monthly Breaker EQ.
A continued consolidation here points to another attempt at 5500-5690 range.
Watching H4.
Comment:
Highlights the importance of zooming out and acknowledging the HTF lens and the relevance of the Oct 17 Monthly Breaker.
H4 now shows BTC trading below EQ of H4 OB ($5239) - a failed retest of the EQ will indicate further retracement to sub 5's. A failed retest offers the discerning trader a opportunistic short scalp if you failed to catch the equal high liquidity grab wicks.
Equally, a H4 clean break and close above EQ with successful retest of EQ - then a pivot of bias will be necessary.
H4 now shows BTC trading below EQ of H4 OB ($5239) - a failed retest of the EQ will indicate further retracement to sub 5's. A failed retest offers the discerning trader a opportunistic short scalp if you failed to catch the equal high liquidity grab wicks.
Equally, a H4 clean break and close above EQ with successful retest of EQ - then a pivot of bias will be necessary.
Comment:
$5240 became a key PoC.
5500-5690 is still on the cards.
5500-5690 is still on the cards.
Comment:
Comment:
Comment:
Shuffle tick and x to the right
Comment:
Flag untouched
Comment:
Comment:
Equal lows at $4920 and $4788 also as yet untouched.
Be aware of it.
Be aware of it.
Areas of interest for me are:
1) April 1-3 high with liquidity just above.
2) 5500-5690 if the LTF ascending triangle fulfils.