disciple1912

Price is forming a large Wyckoff and the goal is to identify a point where price will simply sell onward. So we are currently in phase of D of the current Wyckoff where price is looking to complete a break and retest. What I’ll be looking for is meaningful candle formations that show the price is rejecting upward moemtum and looking to come down lower. One of the better tell-tale formations is a buy to sell candle or tweezer tops. The idea to buy high sell lower is rooted in how composite players make their moves. So we can hope to find that in the current price movement or some other formation to continue with the sell.

BUY BTCUSD This week was potentially the market getting ready for a large scale reversal across multiple assets. In correlation gold looks ready to come to lower numbers so expect that as well. So here we have the formation of Wyckoff where we have a clear selling climax, and the labeled A.R. Is debatable. However we more importantly can identify a clear range with their being both signs of weaknesses and signs of strength. So I’m guessing that price will maybe acknowledge the s.o.w as liquidity to take to push higher, and this will the lead price going upwards to target a supply. Supply demand zones can be interpretive so choose your supply with modesty. Price has an apparent creek within the Wyckoff so expect a large move in one direction or the other and then expect a final few moves to include a break and retest of some sort, or something that will lead to price moving to the intended direction. Now we can try to identify where price will seek to find it’s liquidity at and place our entry in that general area. When trading with good money management, always consider a SL. SL is optional but advised.

Sell BTCUSD This is likely to occur as price has return to 4hr OB. It's likely to continue the sell off seen on Friday close of sick market. Wycoff break identified in 4hr and after the break of the support in the 4hr price return to our Area of Interest, which is the 4hr OB. As such, I dived down to a lower tf to identify another Wycoff with the 4hr OB that might indicate price wants to sell. I've identified a potential spring in the schematic so at this point the goal is to sell down a little past the last wick.

BUY BTCUSD IDEA Price is reacting to Hourly unmitigated orderblock. This aoi of interest formed a schematic in which liquidity was swept and then strength to break the resistance ensued thereafter. After a retest we see that the break of the resistance leaves behind a sign of strength. So we can expect for price to attempt to push higher to at least the origin of the trend. So we'll try to find a supply area, but an area of interest for a final tp can be or should be a quarter point being that his is btc. This should be an interesting play because BTCUSD moves great distances when it breaks away from consolidation, so keeping that in mind targeting the 30000 is not too far fetch.