The chart I shared represents a advanced Effective analysis of BTC/USDT using 30-minute candles. Below is a breakdown of the analysis and a potential trading signal based on it:
1. Key Zones & Labels
CRT High & CRT Low:
These represent a "Candle Range Theory, marking liqudity levels where the trend shifted.
CRT High: Marks the recent swing high.
CRT Low: Marks the recent swing low after the reversal.
FVG (Fair Value Gap):
Highlighted imbalance zones (large price gaps) created by strong price movements. These areas act as zones of interest where price may return before continuing.
OB (Order Block):
This is the origin of a strong move down, likely an institutional zone where large orders were placed. It serves as a potential area of reversal or continuation.
BSL (Buy Side Liquidity):
Highlighted zones above resistance levels where stop-loss orders are likely accumulated. Price may target these areas to grab liquidity.
2. Market Behavior
A liquidity sweep occurred (marked by the red circle), where the price dropped below the CRT Low, trapping sellers.
After grabbing liquidity, the price retraced upward, showing signs of recovery and a potential bullish move.
3. Trading Setup
Based on the chart:
Entry Order:
Place a Buy Limit at the Order Block (OB) level (~$95,541). This is where price is expected to retrace before continuing upward.
Stop-Loss (SL):
Below the liquidity sweep level (~$94,312.2). The stop-loss ensures protection if the bullish bias is invalidated.
Take Profits (TP):
Multiple targets based on Buy Side Liquidity (BSL):
TP1: $97,400 (near the first BSL level).
TP2: $98,266 (near the second BSL level and resistance zone).
Optionally, you can leave a portion of the trade open for further upside.
Signal Summary
Type: Buy
Entry: $95,541 (OB level)
Stop Loss: $94,312
Take Profits:
TP1: $97,400
TP2: $98,266