BTCUSDT 5m · Quasimodo · short
PRICE IN THE QML ZONEOpen · updated 06.10 20:35 UTC · forecast for BTCUSDTTimeline
- Liquidity formed: local high 85,613 (left shoulder)
- Structural low 85,467.5 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 85,778.5 confirmed
- CHoCH: close below the structural low 85467.5. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
Why this setup was found
First the market formed a local high 85,613 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 85,778.5, which is 165.5 (1.28 ATR) above the left shoulder.
Then price closed below the previous structural low 85,467.5 (close 85,465.7). This is a bearish CHoCH: a change of market character.
The left shoulder zone (85,579.6–85,613) became the QML level: price often returns here before continuing the move.
Filled bearish imbalance (FVG) overlaps QML by 100%.
There were equal highs nearby: they were what price hunted.
Structure on 15m: bearish (supports the idea).
Structure on 1h: bullish (against this idea).
On the break candle aggressive sellers dominated (73% of volume).
There was no absorption on the candle that returned to QML.
Now: price entered the QML zone.
This is a scenario built from market data, not a guarantee of the result.