Hello traders. This is my simple BTC analysis. On chart you can see:
- Eliot waves
- Fibonacci levels
- My indicator OrderBlocks
- Liquidation Levels from Coinglass
- And blue Line with arrow is Sperandeo TrendLine
From last time, we see that the price has successfully broken Bearish OrderBlocks from point (3).
Now we have last as a Resistance most strongest Bearish Order Block from point(1). We've tuched it first time.
My vision is that in order to break through the maximum high we will need a little more force.
Therefore, what is needed here is not a large rollback or a small range. Optimally for entry, I would consider the appearance of a new bullish order block or a rebound from the current one.
Judging by the volumes with coinglass, we see that volumes for purchase will prevail almost twice.
In addition, the trending sperandeo takes on the shape of a parabola, which also indicates the strength of the trend.
The only thing that confuses me is the invisible market maker, who would gladly eat 828m)
Therefore, I will wait for a pullback and hope for a break with a maximum target according to Eliot and Fibonacci 78
- Eliot waves
- Fibonacci levels
- My indicator OrderBlocks
- Liquidation Levels from Coinglass
- And blue Line with arrow is Sperandeo TrendLine
From last time, we see that the price has successfully broken Bearish OrderBlocks from point (3).
Now we have last as a Resistance most strongest Bearish Order Block from point(1). We've tuched it first time.
My vision is that in order to break through the maximum high we will need a little more force.
Therefore, what is needed here is not a large rollback or a small range. Optimally for entry, I would consider the appearance of a new bullish order block or a rebound from the current one.
Judging by the volumes with coinglass, we see that volumes for purchase will prevail almost twice.
In addition, the trending sperandeo takes on the shape of a parabola, which also indicates the strength of the trend.
The only thing that confuses me is the invisible market maker, who would gladly eat 828m)
Therefore, I will wait for a pullback and hope for a break with a maximum target according to Eliot and Fibonacci 78
Trade closed: target reached