Here i can see by the curved pink line that there is massive bear pressure, on the daily marked in dark red is a bear power candle pattern, an indication of downward push. I don't think BTC is done going down and i am anticipating it to hit 27k at least if not lower. Beware of flash wicks and liquidation, proceed with caution, and exercise patience this weekend....
In my years of trading, this structure tends to be one of my favorites to trade and has a high success rate. Here we can see the formation of a hyperbolic top that incorporates a buy to sell move. This buy to sell action happens to punch previous liquidity and fill stop orders, then price reverses and takes people out. Price proceeds down to take lower liquidity...
wait for it to raid liquid and bounce off the orderblock to get long.
Taco showing early hand usd strength, how and why? BOND YIELDS BABY!
LOL, watch the unbelievable happen.
watch this monster come alive and not only slay gold but lead USD strength back to the throne!
Here is a better path analysis depicting my idea than my previous post
here we have price repeating consolidations with short stop liquid smashing, market makers are building in long orders as they seek the liquid. I anticipate Gu to consolidate, and then price to drop into the below 4h or 1h ob once again smashing short stop liquid before hunting the pools to the north, stay patient this week fam.
Patience fam....... patience.
I hope this helps some of you as gold makes its upcoming moves. Stay diligent.
We have broke previous day low, this could be a retracement to head further down, -27 TP target on fib puts us at a 4H bullish OB, and the next TP target puts us into some nice liquidity, I am currently long hoping to strike equal highs but keep it mind a bearish move isnt out of the question.
Mystical shamans gathered as sage burned amongst the dimly lit salt lamps. Mercury retrograde unveiled a stirring monster lurking in the depths of disbelief..... heed this warning, trader.
expecting distro after this potential UTAD
NY session is coming, may see USD strength. This has hit a 4h IT position but a smaller IFC lies just above, keep your eyes peeled. Liquidity below are the TP targets.
Countertrend liquidity sweep on AU, typically we see some dollar strength in NY session lately so be prepared for a move like this.