A potential fake breakout happened. If it attempts to break the range high, I think it's targeting the value area of the VP. Let's see how it goes in near future.
I was watching the 15m chart of BTC, and after validating the OB, I set the limit order. However, it missed, by 30 pips. lol Next time I'll do combo limit order, one by wick and another one by body.
Current trend is still bullish. As the market went up, an OB was formed, and this would be a nice entry point which is near Monday Low. This is also confluent with other points, please see below.
There's a D1 FVG which could be potentially filled if it retraced slowly, and that would be great as POI to open a trade. Still need to watch for next few days, as the SVB and the bank-related stocks may affect the US stock market, there's chance for BTC to go down. Better wait for the opening of US stock market.
A strong momentum happened on the chart which I didn't notice. As shown on chart, the momentum broke the start of previous pump, which can be a sign of reversal. Should have notice this.
Daily OB refined into H4 OB, with monthly SR above. ICT OB entry at the H4 open of price bar.
A monthly OB identified on the chart back in March 2020. We will refine it in lower time frame.
If breakout (16249.5) happens, which is highly possible, look forward to 17K+ or range high. Currently better wait for it.
A strong movement price action occurred downward. Now looking forward to a down trend on the H1 time frame. The entry is at the H1 OB which is confluent with the potential filling of the FVG. SL is above the OB & EQ, and the TP is yet to decide.
Look forward to tap or break the range low after sweeping and momentum shift on the range top. Would love to see it go to range low. Not sure if tap or break will happen. Will need to see in near future.
As the chart showed, the price delivered from the top, even though it create a choch below. It retested the supply zone then going down.
Look forward for the price to react at the demand then it deliver to the currently-forming supply. After that it will reach a new low, which may be the demand of 18.2K.
The chart now is confluent with the MSB so the trend has been shifted. Looking forward for it going up. Potential entry at the OB below, however which is below the range low. Will wait here until it break the range top.
Currently, we're staying in the middle of the range in HTF, and also forming a small range within it. For the smaller range, We just ran the liquidity below and now we're looking forward to reach it's high again. Now two strategies. 1. It reaches the blue lines and create MSB, thus up trend can be expected. After that we'll do the OB entry. 2. Going down and then...
So the H4 candle just close high. Would love to see it go strong if it break back into the small range which is also in the premium of the bigger range. Once passed, we look forward to the Monday High as long as the small range high. Not pretty sure if it will reach the 20K+ once it breaks back. Will need to investigate in future.
Personally, I preferred the second one, which is good for the us to expect an uptrend toward 20.5K and more.
On the other hand, if it goes strong, it's expected to see it break the range and EQH above. If then it creates MSB, it can be seen as running the liquidity at the EQH. We'll see after that.
After the strong break of market structure which was at the Monday High, the market start trending down in LTF . We'd love to see it break the eq of HTF and Monday Low, to start a new trend in HTF. If so, it's highly possible to go down below 18K.