Bitcoin : The On-going Cycle of Stimulus & FUDs. Dec 4,2021 Cascaded Liquidation
Prices are in an overall downtrend, with positions running towards the higher timeframe liquidity lows. In this setup, we are trading the H2 timeframe, with a 15m supply zone for us to work with. Use a lower timeframe confirmation schematic to take sells.
Prices broke structure on the daily, left behind a supply zone on the H1 for sells. Look for the transfer of weak into strong hands.
Same target area in terms of liquidity lows but we have 2 structures to work with. Whichever that shows us the transfer of weak into strong hands, we take them.
Prices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with. Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
Prices left behind a 2 demand areas for us to get involved. No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities. What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
3 Step Process: Determine your Higher Timeframe Bias Look for Supply and Demand Zones Confirmations by means of Wyckoff, Wedge, Channels, CHOCH, BOS, S&D Flip
Prices broke out of structure on the daily timeframe, waiting for a pullback into the H8 demand to look for confirmations for a buy position.
Prices broke out of structure on the H1, leaving behind 2 demand areas to get involved. Look for LTF confirmations for buys into LQ highs.
Prices taps into a HTF structural supply zone, gave us the BOS on the H4 and now, we are definitely looking for sells onto newly created supply areas.
Prices broke out of structure on the H4 timeframe, leaving behind a H1 demand area to get involved. Simply look for the confirmations on the LTF by means of wyckoff and S&D flips to buy into liquidity highs!
Prices broke out of structure, leaving behind a 15m supply area to work with. Look for confirmations before you take the sells.
Potential Entries after the shift in structure 1. Look for engineering of LQs before the BOS 2. Otherwise, look for engineering of LQs after the BOS, potentially confirming this refined area using the seconds timeframe
Prices broke out of structure, leaving behind a supply area for us to get involved. If we can get a sweep off the highs, tapping into supply before the move down, we could take sells.
#Bitcoin #BTC : Nov. Correction (Liquidation) down to 50MA Daily at 80-90K Level - Date 20-30 Nov.
Post analyis onto EURJPY H4. Frame your bias on the higher timeframe Allow the lower timeframe delivery of prices to show you the transfer of weak into strong hands by means of wyckoff
Prices taps into HTF poi, waiting for a clear indication for sell side moves. Wait for demand to fail before look for sells.
Prices broke out of structure, leaving behind a 30mins supply area to get involved. We can see the engineering of liquidity leaving behind new supply areas for us to sell.