BITCOIN daily Bias/IOF
My last Post did talk about how we reacted to the monthly FVG. We can see how price is fracter on all Time frame. We have a weekly FVG on Weekly. random isn't? Is it just all about FVG at least all FVG isn't FVG that's we can take trades just base on a FVG we need to have a sound logic behind it to make it high probability.we need more Intel(PA). that should be available on Daily TF as we doing Top down analysis.
Projecting same logic from the monthly, weekly to daily. Same logic no change we using the daily FVG then we have a energetic day 19th Aug taking 04 Aug low making it BMS and shift in market structure and also creating a FVG.
18 Aug making the FVG high and 20Aug making the FVG low we need price to retrace into this gap ( personally I prefer 50% of the range ). But we have the breaker block and the 10th Aug -OB.
Before a trade can be consider a high probability we need to have where to get out. That's where are they trying to take price to next? If we don't have this the market will help us by stoping us out of the position. 13 jul low 30 Jun are relative equal lows and is a double buttom for retail traders (strong support and we see they will be putting there SL down there. 18 Jun is a low having a sellside liquidity resting below it.
17514.47 is the next stop for price
BTCUSD
Projecting same logic from the monthly, weekly to daily. Same logic no change we using the daily FVG then we have a energetic day 19th Aug taking 04 Aug low making it BMS and shift in market structure and also creating a FVG.
18 Aug making the FVG high and 20Aug making the FVG low we need price to retrace into this gap ( personally I prefer 50% of the range ). But we have the breaker block and the 10th Aug -OB.
Before a trade can be consider a high probability we need to have where to get out. That's where are they trying to take price to next? If we don't have this the market will help us by stoping us out of the position. 13 jul low 30 Jun are relative equal lows and is a double buttom for retail traders (strong support and we see they will be putting there SL down there. 18 Jun is a low having a sellside liquidity resting below it.
17514.47 is the next stop for price
BTCUSD
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