BTCUSDT 11/07/23 15m chart
I'm just posting this just because why not. I am not trading anything, due to personal reasons.
BTC in a range after rally. After 20 days of Ranging and no direction I believe BTC could now do something new.
Obviously there is a trendline with 3+ touches, but what I see, after it filled htf imbalance, is a sweep of highs then shifting structure. It left an order block, which is the entry for this 'trade'. Targets are this week's low and the range low (see 1W chart). A re-entry could be breaking structure/ breaking trendline, retest and bounce.
My idea is that it should 'deviate' from the current range and come towards the 1M breaker (29217.0).
I can't post links, so I'll just post the same chart in different timeframes.
BTC in a range after rally. After 20 days of Ranging and no direction I believe BTC could now do something new.
Obviously there is a trendline with 3+ touches, but what I see, after it filled htf imbalance, is a sweep of highs then shifting structure. It left an order block, which is the entry for this 'trade'. Targets are this week's low and the range low (see 1W chart). A re-entry could be breaking structure/ breaking trendline, retest and bounce.
My idea is that it should 'deviate' from the current range and come towards the 1M breaker (29217.0).
I can't post links, so I'll just post the same chart in different timeframes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.