Well, cards on the table. I'm revealing my plan and expectations for the main asset on the crypto market. As you can see, I'm considering the white and red scenarios. Everything is clear with the white scenario, we're going to take liquidity from the trend and the middle of the OB and go to the moon. The red scenario is more interesting. In theory, the red scenario can only work out if some kind of black swan happens. In addition, in September we can expect a decrease in the interest rate in the US (which could lead to a drain in the short term) and another batch of payments from FTX and Mt. Gox to their investors. I won't describe everything in detail, everything is shown on the chart. I advise you to save it somewhere and look at it from time to time.
🥸There are 2 possible scenarios in the short term:
1️⃣- The price shows a rebound from MB and the edge of the imbalance, tests the Order Block on the daily TF, tests the broken trend, and goes to the lower trend, where we have a strong rebound zone of 141-162 according to Fibonacci. From there, a scenario with growth to a new high is very likely
2️⃣- The price can repeat the May-June scenario, if we put a fractal under it, we see that the price can still reach the upper trend global figure - a diverging wedge From there, a decline to the lower trend and to the FIBO zone is also planned A scenario with a further move to a new high is also very likely
❗️On top we still have an unremoved liquidity shelf in the area of 62700, and the edge of the weekly imbalance is slightly higher at 63500
📊Trend liquidity is beginning to accumulate here, forming a “Rising Wedge” pattern, noted on the chart
📉Also, if you look a little more globally, we can see the “Double Top” technical analysis pattern on the daily TF. According to Fibonacci, we are also in the OTE zone, which tells us about the optimal entry point for 🔴🔴🔴
👀Most likely, the price will sweep the liquidity shelf to 62700, testing the edge of the weekly imbalance at 63500, and I will work out 2 TA patterns - Rising Wedge and Double Top 🔽
👀So, what’s new with us, and is the morning review on BTC relevant?
Briefly I will say - Yes
What do we have locally? ️
Bitcoin still hasn’t tested the OB at 12 o’clock, now it has come in support and is giving a good reaction, at 4 o’clock it can form a new Block Order, if it is formed, you and I will gain 2-3 positions for a short-term long
❗️IMPORTANT❗️
Please, do not forget about the more global movement, and ours is descending📉
So, the long-awaited review of the cue ball, where do we go? 🤔
Let's start from the beginning, the price has consolidated above 59900, but does this mean that it is long?
⛔️No, the price removed liquidity from this swing and formed a juicy Block Order for 12 hours, broke the hourly structure, and through a rollback (or immediately) a fall to 55500 is possible
According to TA, one thing to note is the bullish channel, now we are at the upper border of this pattern
In general, transactions in the near future will be short, since many alts also look like they will fall, don’t go long❗️
$STORJ A new OB formed at 30 minutes, so we entered before the limit, but there is still a chance to go down through the OB at two o’clock, we’re waiting✊
❗️We comply with Risk Management, we enter 1% of the deposit❗️
🥸The price is moving in a downward range, and manipulation of the highs is visible, and the OB is left at 2 o’clock Globally, the price has not yet tested 0.5 according to FIBO, so this is its main goal at the moment✔️
❗️We comply with Risk Management, we enter 1% of the deposit❗️
🥸The price is moving in a downward range, and manipulation of the highs is visible, and the OB is left at 2 o’clock Globally, the price has not yet tested 0.5 according to FIBO, so this is its main goal at the moment✔️
The price is sideways and has removed a lot of liquidity for buying, if a new OB is formed, we will consider the transaction to the OTE zone and imbalance ✔️
🥸The situation is almost the same as for Bitcoin, the price removed liquidity from the last swing high and formed an OB at 6 hours, it has already been tested on the air, according to TA you can consider the “Head and Shoulders” pattern
🔽There is good liquidity at the bottom, an untested imbalance, where I think the price will come in the near future✔️
So, the long-awaited review of the cue ball, where do we go? 🤔
Let's start from the beginning, the price has consolidated above 59900, but does this mean that it is long?
⛔️No, the price removed liquidity from this swing and formed a juicy Block Order for 12 hours, broke the hourly structure, and through a rollback (or immediately) a fall to 55500 is possible
According to TA, one thing to note is the bullish channel, now we are at the upper border of this pattern
In general, transactions in the near future will be short, since many alts also look like they will fall, don’t go long❗️