This is an update to my previous Bitcoin short idea. Price reached above 50% of the range which means it has reached the minimum premium for shorts being viable. I will monitor price action in the current Daily Order Block and see if we move lower from here. There is a resistance trendline with Buyside liquidity so we may still reach higher into the zone from my...
Pretty simple observation I'm seeing on the Bitcoin Daily chart. Our range has been set by a run of highs then breaking lower and creating equal lows just above a weekly volume imbalance. Just looking for price to return back into the range and break lower for eventual trading in the weekly volume imbalance. Shorts could be taken in the premium side of the range...
There was a daily gap that was partially filled this morning when the Asian session highs were ran by London. I'm looking for New York to come back into a premium and looking for shorts back into the previous days lows.
I am looking for a short entry on euro after a fill of this 1 hour gap and a touch of the 15 minute bullish order block. Taking profit into a previous 15 minute gap.