@thefundedtrader I've been with TFT since August 2023 the only place I will continue to support. Shoutout to the Support team and Angelo for being real and keeping us updated on the new brokers cant wait to see what the future holds! #TFT
#btc Price looks to have run the stops on longs over the weekend creating the False move week beginning then trapping shorts for the week - We could get a possible pump move up to 29900 there is liquidity there currently 5.4BN.
#dxy has a imbalance above price if the DXY moves up BTC will pull back and if the DXY rejects out of the imbalance btc to give me a 2nd leg to induce shorts and then shift up to grab the liquidity at 29900.
I'm holding my short here looking for a drop in the US session, Yesterday CPI results didn't move price back up so I'm still confident in my short. My first target is 28600 if we continue down 28200 is the next target. Order book is stacked and we may see the move on PPI Event.
Here's what I'm looking at, Maybe a stop hunt on the news to the low and then rise or we just fall I'm currently short from the second side of the M, Stops at BE if I see a stop hunt to the low I'll move my stop to profit otherwise I'll just ride it.
1 thing to keep in mind is that we are at LvL1 here and we might get a Straight away trade as the orders are thick on both sides of the book and this tends to lead to 1 side just opening up. Food for thought.
#DXY might pump up at the news to drop further if it breaks Friday low bitty will moon and most likely come with a Stop hunt before the move up - If the Dxy runs a Stop hunt then bitty will Just fall away. - I am favoring upside though on BTC. but the Method says down.
@Bitcoin@PayPal This code is all fake, Any person that is a software developer or computer programmer can see it. " @dev Wipes the balance ๐ Don't believe everything you see.
As mentioned in this thread 30200 was the area to watch for because of the liquidity and the Sell orders in the order book - Setup Nailed!๐จ although I would have preferred a retrace before CPI then shift but you take the opportunity's when they come.
1st thought here for #btc this could be the reversal we have been waiting for. However we re getting closer to CPI release, So I would much rather see price work the lows before shifting see thread.
My targets for this trade to the upside would be a 50% wick fill the order book shows high level shorts waiting there and has been there for the past week. #Heatmaps show liquidity at 30200 and that's just above the 4hr wick. Time to be patient and wait for the setup.
My preferred setup would be this for a reversal, Looking how BTC has missed the liquidity at 28600, I would prefer price to head there and try to trap traders in shorts then shift the direction.