
Blaqkarho
@t_Blaqkarho
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Blaqkarho

With BTC currently showing bullish sentiments and already exhibiting good momentum for buys, BOMEUSDT has cleared liquidity resting on the 4HR, and after such a sweep, the indication is a reversal in direction. Hence, I expect price to take out that high marked out as MSS to cause a change of character and retest into the FVG below that causes the CHoCh and then target sellside liquidity to the top side.(At least, until BTC does otherwise, as we gotta keep watch on BTC's behavior since we're trading crypto.)From the current market price to Target 1 is a beautiful 30% move.From the current market price to Target 2 is a mind-blowing 62%.There could be a target 3, but I didn't add it to the chart, and the journey to target 3 gives us around 105% from the the current market price.Crypto traders who trade perpetual futures would know how massive those percentages are, even with as small as a 10x leverage.NB: THIS IS NOT FINANCIAL ADVICE; I AM ONLY SHARING MY VIEW AND OPINION OF THE FOLLOWING PRICE ACTION ON THIS PAIR.Ciao, people!

Blaqkarho

BTC has broken a a trend and formed a lower high. A short confirmation would be in play if it forms a lower low and bounces off the trendline for a retest. If the trendline refuses to break upwards, then its straight back to the bullish order block.

Blaqkarho

Trendline break confirmed. Anticipating a move to the downside to the nearest demand zone. A retest on the trendline, and a formation of a lower low would further confirm this move. as it would be a successful break of structure to the downside.

Blaqkarho

BTC Appears to have fully formed a rising wedge on the current downtrend in the 1hr timeframe, and from knowledge of chart patterns ad price action, it is obvious that a rising wedge on a downtrend is a trend continuation pattern.This downtrend would be met with a previous zone of support at the 42,400 regions. This could lead to a bounce to the top side, following a trend to the topside before meeting resistance at a previous support level at 44,391. If this resistance fails to hold, we could witness higher highs.

Blaqkarho

An ascending triangle formation has been observed on the 15 minute chart and 30 minutes chart. A possible break to the upside is likely to happen following the consolidation break.
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