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Orderblocks

BTC entering a strong order block!Here's a quick look at the daily BTC chart. As we can see, the price has been rallying for the past few weeks and has now entered a strong order block! There's a lot of sell pressure in this zone, so there's a high probability that the price will get rejected. Also, there's a fair value gap at 19.8k, which gets filled most of the time. Therefore we should expect some retracement to this level (19.8k) at least. Historically the bottom has occurred in November, December and January, and we are within the bottoming period for BTC. We need at least a higher high before I accept a bullish reversal idea. A weekly close above the order block would be perfect for a bullish reversal idea. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
3
EURGBP SELL SETUPI am interested in this 15 minute Order Block tucked away in the middle of a 1 hour Order Block. I would wait for confirmation if price reaches the level. Price might rally to clear the PDH and liquidity resting through it in a slanted angle. I don't believe price will drop much further below the Previous Day Low (PDL). If it does, it will be retracing a daily range, which will be a much more significant drop. Too bad I'll be asleep when this happens. I'd be watching it.
Short
by QSInvestments