Weekly analysis BTC with high RnR scenariosBTC is now in consolidation zone and may spend some more days. It may also develop ABC pattern or reversal at daily level, if price has to change its delivery and take turn from here. This zone is kind of make or break. If price is not able to sustain and breakdown, then it may witness ~65-70K levels as well.
We hope for reversal from this level as price is developing the pattern at higher time frame.
1. Price has taken liquidity or 82K and almost touched 80K.
2. It has inversed 1Day FVG and now price is consolidating in the range between EMAs.
3. We may expect price retracement till 1D iFVG and then reversal.
4. Before to that we may see sweep of 92900 (1D CISD) level and then a retracement short trade till 1D FVG
5. Most probably price will take liquidity of FVG/RDRB level and create MSS/CISD/TS/iFVG in LTF.
6. Price should show rejection/reversal in respective LTF (5m/15m) at FVG zone.
7. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF
All these combinations are signalling a high probability and high RnR trade scenario.
Note – if you liked this analysis, please boost the idea so that other can also get benefit of it.
Also follow me for notification for incoming ideas.
Also Feel free to comment if you have any input to share.
Join me on live stream for real time update.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.
