9.5R on $XAU in a single day... WOLF did it again ๐บ
๐ฏ The market gives opportunities every day, you just need the right team.
Join Swift Scalps before the next setup drops! ๐๐
$BTC #FOREX
$BTC full market breakdown, weekly to intraday
weekly:
btc on the weekly is sitting in a key demand zone, showing a reaction after a broader down move, which suggests potential accumulation but no confirmation yet. price is beginning to form short term higher lows, indicating early strength, but the market is still in a decision phase. if this zone holds and we see a break above the local range, it opens the path for upside continuation towards higher liquidity, however if this level fails, downside continuation into lower weekly levels becomes likely. the approach here is simple, not predicting, but reacting to how price behaves at this level.
daily:
btc is currently trading within a tight range on the daily timeframe and IOB sitting above this range. after forming a recent high, weโve seen a clear rejection, which suggests short term weakness. as a result, thereโs a strong probability of price retracing towards the 0.5 fibonacci level of this range. just below that, we have another confluence with an order block and liquidity aligning around the 61.8k region. this makes the 61.8k to 61k zone a strong price area where btc could offer a solid buying opportunity, targeting a move back towards 71k where IOB around this level.
4h:
on the 4h, price as well still ranging and trying to reach untapped internal supply and demand. direction depends on whether btc rejects from the upper supply or finds support at the lower demand. a sweep of the 0.5 fib is likely, which aligns with daily confluence. key focus is the upper supply for rejection and the 0.5 level for reaction.
1h:
On the 1h timeframe, thereโs nothing interesting right now. Weโre getting a reaction from the previous range at the 0.5 level. Now it depends whether we first retest the 4h supply above or respect the lower 1h demand. Either of those levels could give a clean scalp.
Took this trade on the Hyro Prop account simply because the setup was there. Honestly, Iโve been sick all week, and trading through it definitely caused some bad decisions. Glad I still managed to bag 3R on this $ETH trade. Proper execution starts this Monday. We go again, straight to the top! ๐
$BTC $SOL #eth #btc #crypto