ollie_oz

ollie_oz

On the 15m chart, a short squeeze is looking likely. Shorts opening in huge chunks isn't affecting price while longs are closing and no drop is present. We have found comfy support and due to the shorts not affecting price, I believe we may see a short squeeze. I'll be entering above the white horizontal line for a potential breakout and will tp at the orange...

ollie_oz

While BTC has had a tremendous run-up during the past couple of days, we may start to see some down that fits into my HTF plan and previous ideas shared. I had hoped for a quick and clean drop however it appears we're taking a slow approach. During the course of the next few days, we should expect hours of range-bound trading which provides the perfect scalping...

ollie_oz

The previous trend line resistance for the wedge is now acting as support as go into the mid and upper 40's. This is normal for a s/r to flip however what I find weird is the candle we saw earlier dipping inside the wedge and bounces off the support. Previously I had stated that the 10-11th of august is a deciding day for BTC as we are likely to test the 200dma...

ollie_oz

TLDR : Expect ranging , dip and then blast to orbit For valid supply takeout pattern structure should have these components: - clean stage 1 ahead of it - does it have stage 2 (both of those stages are a must) - does it have stage 3 (optional, but its a plus) The most important stage 4 is a momentum takeout, or if not that, at least an obvious micro shelf buildup...

ollie_oz

Btc could look to break down from this into s/r and potentially flip back into earlier range.

ollie_oz

unif breakout on 4h looking ever more likely

ollie_oz

Looks like it could be using the line to bounce off of .

ollie_oz

Bounce into the channel above following the channel down into the yellow box with a diagonal blue line as support.

ollie_oz

ETH appears to be going into a downwards channel and or bouncing into channel above off of green line. KRAKEN:ETHUSD