לונג
QKC/BTC Pushing into the resistance, possible 9% move IF BROKEN
I see that SFP down there (white line), which suggests that stops were taken.
We're now pushing into this bearish orderblock and since we're consolidating inside of it, there's a chance to break it and go for the highs.
The strategy is to enter on the retest of the block only IF it breaks first.
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Colors I use for a more organized chart:
15 min - Cyan
1H - Gray
4H - Red
Daily - Green
Weekly - Orange
Some terms for clarification:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
-Bearish orderblock - a green candle that precedes a fast move that takes out a previous low
-SFP - Swing failure pattern - a candle formation where the price takes out a previous swing high or low, but returns under/above it before locking the candle. Under the right circumstances it can signal a reversal.
Original idea by Svarog https://www.tradingview.com/chart/QKCBTC/ttjShkLw-QKC-BTC-Pushing-into-the-resistance-possible-9-move-IF-BROKEN/
We're now pushing into this bearish orderblock and since we're consolidating inside of it, there's a chance to break it and go for the highs.
The strategy is to enter on the retest of the block only IF it breaks first.
--------
Colors I use for a more organized chart:
15 min - Cyan
1H - Gray
4H - Red
Daily - Green
Weekly - Orange
Some terms for clarification:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
-Bearish orderblock - a green candle that precedes a fast move that takes out a previous low
-SFP - Swing failure pattern - a candle formation where the price takes out a previous swing high or low, but returns under/above it before locking the candle. Under the right circumstances it can signal a reversal.
Original idea by Svarog https://www.tradingview.com/chart/QKCBTC/ttjShkLw-QKC-BTC-Pushing-into-the-resistance-possible-9-move-IF-BROKEN/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.