Bitcoin has just tapped into the order block from August 3rd, 2021 for the second time. The last time this happened, there was a rally.
But let's take a look at what happened ater Bitcoin tapped into that BO. There was a quick run off from 39K to 40800 ish in price, indicating bullish presence.
There's also an AO divergence as seen on the daily timeframe.
I...
Looking at this chart, BTC has clearly been in a downtrend, but the downtrend was broken by a momentum pushed to the upside. Three lower highs were broken and a new high was formed, but price came crashing down and broke a support level at 48018.12.
This fall came down to pick up orders from the range 46364 to 45598 and has been slowly going back up.
From the...
Seeing that the previous high has been broken and the current candle has broken the uptrend diagonal line, I am shorting to the nearest supply area. Let us see how this goes.
Looking at two possible buy zones at the chart. I am more confident on the second zone greyed out as it is a supply zone. It might bounce off the zone. Let me know what you think.
The USDCHF chart has been on the uptrend for a while now. And it has seen a break of structure, failing to reach new higher highs. I think new lower lows will be formed. This is what I think.
Please comment your thoughts on this.
This is a Dominan Break strategy that has proven to work over time. I noticed recently I should follow the trend of the market. Since this is in a downtrend, I am placing a limit order.
Considering today is Friday, if the limit order is triggered, I'll close the trade wherever it is before the close of the market today.
Please feel free to share your thoughts...
Another dominan break setup found. The market is generally in downtrend.
I will be setting a sell limit for this order too. As stated in my other idea, I will close the trade if sell limit is triggered before the market closes today since it is Friday.
Cheers and good luck.
Based off my previous idea. I got stopped out because I didn't follow some ground rules I set for myself. I was literally in profit, but I didn't take it.
I have noticed about 80% of the time, price retests the Dominan Break pattern. That's where I've set my limit order. And I've set my take profit just before the 1.618 off the Fibonacci retracement.
Testing Dominan Break pattern on 4 hour time frame. It's usually advisable to take trades at 0.5 mark from Fibonacci tool.
I just want to see how this will play out.
