We have bullish activity in the weekly chart. We are above daily OB This is a swing trade
We have MSS on H1 We are at a classic resistance zone and H4 OB- We have clear Sell side liq at the bottom H1 Bearish engulfing candle
On Daily TF we have a lot of bearish confirmations Two Order blocks On H4 we have a bearish engulfing candle
We have Market change structure. We have a clean BB + FVG hence this acts as support. We are below a keylevel.
We are below Monthly OB+ There is clean BSL to be filled.
We have clean buyside to clear. We have equal highs as well.
We have had market structure change direction Hence taking longs here will be very ideal On the fundamental side: We had the TOMO team do: ✅ Liquidity provision for OMXSTO:TOMO ✅ New wallet integration Got listed in new two exchanges. Hence the market is priced in the sell due to the news above in June hence in July the market is pricing in a new price
BTC open interest is up LQTY has hit the bottom and its funding rate is positive OI is rising volume is rising and price is rising hence bullish
Confluences - interest rates are up - dxy is at the monthly and weekly support
Trade type AAA Confluences: - the is a wick that needs to be filled at 400 Thats all.
Trade type: AAA Confluences: There is an imbalance that must be filled. bullish candlesticks confirmations
Trade type AAA Confluences: - We have not hit 32k target. - We have had our 3rd touch in the downside - Retail sales in DXY came in negative (lower) hence a slightly weaker dollar(actually am bullish on dollar when it hits < 100
Trade type AAA Confluences: - 30 mins TF has closed bullish engulfing. - Sell-side liquidity has not yer been cleared. This is at 2.140 - Overall bullish - BTC has not yet hit 32k (my target)
My last idea was taken out: Review my last idea above for the analysis.
Trade type AAA Reasons for taking this trade: - We had weekly supply zone. - There is internal liquidity waiting to be cleared. - 30 mins candlestick has closed bearish engulfing. - We hit 30mins supply hence we got our reversal accumulation. My previous idea is still in profit Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type...
Trade type AAA Reasons for taking this trade: - daily candle has closed bullish engulfing supported by a hammer candlestick. - downside liquidity has been cleared at 0.5792 - all wicks must be filled. - FVG + Wick = liquidity hence there is liquidity above to be cleared.
Trade type AAA Reasons for taking this trade: We hit weekly supply zone. Liquidity pool above 166.630 has be cleared. We are at premium price level hence a retracement is inevitable. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and...
Trade type AAA My previous idea: was a winner. Reasons for taking this trade: Main bias is long. We hit FTTS(First time hitting supply) zone and rejected hence we formed rejections on the downside. We have a nice sellside liq to be cleared. There is liquidity to be cleared on the upside.