$ETH: Beautiful intraday bottom entry. The reason for the entry is that we created a micro inverse H&S off the 5DMA. I also identified the red intraday tapering selling algo, which means sellers were weakening. Protected 50% of the position here and will hold the rest till the top BB around 1,819. $btc $sol
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Beautiful bottom entry on $ETH. The reason I entered is we created a micro H&S to break out of the intraday dominant red selling algo, as well as tapped the bottom Bollinger band on the daily. Protected some here holding the rest within the white buying algo. $btc $sol
3rd understanding the macro/larger time frame context. If u scale out to the 30min and daily you know that we haven’t touched the 20dma quite some time. So the market touched the bottom Bollinger band reclaimed the 5dma and built liquidity by the 5dma. Now the bulls next target is the 20dma.
2nd understanding where the liquidity is and using structure to get the best entry. As you see we built lots of liquidity in the controlled selling dark green so once we created the inv h&s the right should was the liquidity grab to break out.