BTC1! to sweep highs

Jul 25

Note the current price of BTCUSDTP with respect to the price action to the left.
Please note the RTH gap and sellside liquidity just below current price.
Happy to go short if the idea becomes invalid.

Aug 1

Trade active

Aug 1

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Price is now at the level previously defined as our long entry.

Aug 1

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Aug 1

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RTH 15m

Aug 1

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Aug 1

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Sellside taken

Aug 1

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And one more chart to finish the update:

Aug 1

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And that's it:



1minute

Aug 1

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Aug 1

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Aug 1

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That last image is a bit of fun. Up to you from here. Use a SL in case price breaks down through the gap.

Target is 81160 on BTC1 and 81200 on the Perp.

This trade was called 7 days ago and entry in advance down to the one minute timeframe.

This trade and all my others are dedicated to ICT.

Aug 1

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*81020 on perp

Aug 1

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Perp will move now before open

Aug 1

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Just to be clear what's happening here, there's draw on liquidity at the higher prices. It needs to be mentioned that the opposing force is the inefficiency directly below (and those below that). Price responded well off said inefficiency and I'd like to see the highs swept. That is to imply, price would/may go lower after doing so. I peg the cycle top for Bitcoin to occur circa Oct-25, which means I have more uncertainty than I would toward the ends of the cycle.

Aug 1

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(Noting there is NFP at 0830)