Orderblock
Would have been an easy 1:8 RRR but...BTCUSD is already a trending market, it's in an uptrend already, the most we can get from a sell inside this week is a 1:3 at the most which if we sell, price could get to $38,500 from this current price BTCUSD is currently trading, which is just above $41,000.
This is not trading advice, it's just my idea for now.
The signal to sell might be given when price meets certain conditions so, keep an eye out on my channel.
Breakdown of my idea or rather, reason behind my sell idea:
1. Price has been divergent for days
2. Price is overbought.
3. Price seems to want to cover up imbalances from it's current buy momentum.
4. Price has hit our Order block. Put plainly, it has hit a confluence which was a previous high in H1.
5. A bill has been passed to (in layman terms) get taxes from crpto's to fund government investments (to understand how this can affect Bitcoin, make your own research).
6. Price needs to test our 200 EMA before either bouncing off of it back to the upside or, get to our 1:8 RRR earlier stated.
If you agree with this idea, let us know down in the comment section below, like, share with your family, friends and fellow traders and most of all, follow this channel.
Cheers !.
EURUSD Possible Long-Term Downside ObjectivesSeen on the Monthly Timeframe, we see that we have created an M pattern in the past, where we retested a strong Bearish Orderblock before melting to the downside. Now we have created this SAME M Pattern, and currently testing a big Bearish Orderblock once again. The market tends to repeat itself. We also have lots of imbalances to fill, as well as possible mitigation of the Bullish Orderblock where we could potentially have a rejection up again, and Sell-side liquidity all the way down as a double bottom which the market loves to come to, take out all the liquidity and then possible reverse.
We may have a long-term bearish bias for the EU.
+ The USD will go to sh*t ...
Targets:
- imbalances
- Sell-Side Liquidity
- Order block
GBPUSD H1 - SHORTPrices tapped onto a H4 supply zone, but didn't show us the intention of moving lower just yet. Maybe you could've place a SELL entry after the pin bar rejection. However, our execution technique over here will be to wait for a clean breakdown, shifting structure before taking SELLS.
Order block with Elliott's wave !.With my order block in place in combination with price action and confluences with Elliots wave, i will be risking 10% of my account on this gorgeous analysis (Fundamentals made this analysis possible...if you was wondering !.)
If you like this idea, leave a like, share your thoughts in the comment section below and remember, different traders have different risk appetites !.