BTCUSDT 11/07/23 1h chart
This post is to add on another post.
Here's the description of that post: "I'm just posting this just because why not. I am not trading anything, due to personal reasons.
BTC in a range after rally. After 20 days of Ranging and no direction I believe BTC could now do something new.
Obviously there is a trendline with 3+ touches, but what I see, after it filled htf imbalance, is a sweep of highs then shifting structure. It left an order block, which is the entry for this 'trade'. Targets are this week's low and the range low (see 1W chart). A re-entry could be breaking structure/ breaking trendline, retest and bounce.
My idea is that it should 'deviate' from the current range and come towards the 1M breaker (29217.0).
I can't post links, so I'll just post the same chart in different timeframes."
Here's the description of that post: "I'm just posting this just because why not. I am not trading anything, due to personal reasons.
BTC in a range after rally. After 20 days of Ranging and no direction I believe BTC could now do something new.
Obviously there is a trendline with 3+ touches, but what I see, after it filled htf imbalance, is a sweep of highs then shifting structure. It left an order block, which is the entry for this 'trade'. Targets are this week's low and the range low (see 1W chart). A re-entry could be breaking structure/ breaking trendline, retest and bounce.
My idea is that it should 'deviate' from the current range and come towards the 1M breaker (29217.0).
I can't post links, so I'll just post the same chart in different timeframes."
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