BTC/USDT – Intraday Plan & Reflections (15m, Ichimoku) by Riscor
Reflections on the previous trade:
Yesterday’s short setup played out: we reached the targeted downward block, as expected. However, price didn’t bounce to the 108000 level (untapped area), leaving a liquidity gap that isn’t great for bears. This means we might revisit and fill that zone in the future.
Today’s context:
A strong sell-off and the untapped 108,000 zone make things uncertain, especially when looking to avoid getting trapped in countertrend longs.
Currently, I see two main short setups:
Scenario 1: Short from 106,550 (correction entry)
Entering on a pullback to 106,550 as a correction within the current bearish move.
Targeting a drop towards the 1.618 retracement of the last impulse, aiming for the lower blue zone (bottom of the cloud on H4).
This is the primary short if the correction materializes without breaking the highs.
Scenario 2: Short from yellow block (liquidity grab fakeout)
If price sweeps above and takes liquidity at the yellow block (marked by cluster of stop-losses), I’ll short from that fakeout.
Stop-loss as shown on the chart. Targeting the 0.27 fib of the previous impulse.
For this trade, I want to see a sharp rejection and heavy sell-off from the yellow zone.
If price consolidates above 107,200 (a couple of 1H closes), this is a red flag and I’ll exit manually.
In that case, expecting a move to 108,000 to fill the previous imbalance, before looking for renewed downside.
Key notes:
Context is highly uncertain today, multiple possible outcomes.
For now, I’m favoring the second scenario, but scenario one remains valid if the correction plays out as described.
Watching price action and volume closely for clues.
#BTC #Crypto #Trading #Ichimoku #Riscora
Yesterday’s short setup played out: we reached the targeted downward block, as expected. However, price didn’t bounce to the 108000 level (untapped area), leaving a liquidity gap that isn’t great for bears. This means we might revisit and fill that zone in the future.
Today’s context:
A strong sell-off and the untapped 108,000 zone make things uncertain, especially when looking to avoid getting trapped in countertrend longs.
Currently, I see two main short setups:
Scenario 1: Short from 106,550 (correction entry)
Entering on a pullback to 106,550 as a correction within the current bearish move.
Targeting a drop towards the 1.618 retracement of the last impulse, aiming for the lower blue zone (bottom of the cloud on H4).
This is the primary short if the correction materializes without breaking the highs.
Scenario 2: Short from yellow block (liquidity grab fakeout)
If price sweeps above and takes liquidity at the yellow block (marked by cluster of stop-losses), I’ll short from that fakeout.
Stop-loss as shown on the chart. Targeting the 0.27 fib of the previous impulse.
For this trade, I want to see a sharp rejection and heavy sell-off from the yellow zone.
If price consolidates above 107,200 (a couple of 1H closes), this is a red flag and I’ll exit manually.
In that case, expecting a move to 108,000 to fill the previous imbalance, before looking for renewed downside.
Key notes:
Context is highly uncertain today, multiple possible outcomes.
For now, I’m favoring the second scenario, but scenario one remains valid if the correction plays out as described.
Watching price action and volume closely for clues.
#BTC #Crypto #Trading #Ichimoku #Riscora
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.