CP - Continuation pattern
The overall level of interest - the Original level.
The original level of departure from the imbalance has not been tested, so expect this to be hit at some point in 2022/2023?
Here is the current standing, where by price is in a fresh level on the monthly zone, but now experiencing a retest of the imbalance.
Price testing imbalance - weakens the zone especially as the gap below is not filled.
Check the previous test of a fresh level where price has created an imbalance
This is specifically noticeable on the daily, 3day chart.
Notice the large gap for the sellers.
The base of the imbalance was successfully retested and the imbalance has confirmed a volatile move.
Despite this the fresh imbalance has now created a buying imbalance >favouring buyers.
How does this occur?
Well the departure from the imbalance from $15,000-41,000 - took <5weeks to create the high.
Price now needs to retrace where price has pivoted back to a respected position of the CP.
Price falls to the desired zone - check daily, to see where price falls to a proximal level .
Now see the sequence occur over the next Three weeks.
Three day levels;
Here price has shown the simple imbalance supply and demand levels where price in future will test in the future.
Supply and demand explained using bitcoin chart from 22July2021 - 11 November 2021.
This uses CP - Continuation pattern
Price will test the imbalance again .
Short Term Daily sells
Exceptional scenarios
- main imbalance is a sure test - whereby the overall pattern has created a untested top, with a high amount of CP points.
- 3rd zone of CP, where a higher low has occurred, this is a true bullish scenario where a true scarcity exists in Supply/Demand - depending on market cycle and formation structure is coming from .
Exceptions - Three CPS in a row create an overall aggressive stance on the market. Depending on markings, allows different levels - where 3CPs are created, the main points for the CP pattern, these will not be respected.
Choose the correct candle
Basic 50% candle
Departure height
avoid hammers - these are reactive candles upon supply and demand levels on lower levels.
The strategy at play
Using DCA - purchasing from these two levels, will obtain a lower price from BTC, but also will allow the accumulation of savings to put into the market.
While smaller increments are being added in the monthly time period, there are periodic levels where price will a larger additional sum to be added within a price range.
Tracking of Dominance - 6th October 2021
BTC - 44.69%
ETH - 18.51%
BNB - 3.19%
ADA - 3.11%
USDT - 2.95*
XRP - 2.22%
6th February 2022 - a QTR review
Here is how the numbers look
BTC - 42.55%
ETH - 19.08%
BNB - 3.63%
ADA - 2.00%
USDT - 4.05*
XRP - 1.71%
A multi-functional chart tracking;
Please review the link below to track the all things BTC
BTC.Dominance, correlated against the Crypto Index, vs BTC USD current price.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
The overall level of interest - the Original level.
The original level of departure from the imbalance has not been tested, so expect this to be hit at some point in 2022/2023?
Here is the current standing, where by price is in a fresh level on the monthly zone, but now experiencing a retest of the imbalance.
Price testing imbalance - weakens the zone especially as the gap below is not filled.
Check the previous test of a fresh level where price has created an imbalance
This is specifically noticeable on the daily, 3day chart.
Notice the large gap for the sellers.
The base of the imbalance was successfully retested and the imbalance has confirmed a volatile move.
Despite this the fresh imbalance has now created a buying imbalance >favouring buyers.
How does this occur?
Well the departure from the imbalance from $15,000-41,000 - took <5weeks to create the high.
Price now needs to retrace where price has pivoted back to a respected position of the CP.
Price falls to the desired zone - check daily, to see where price falls to a proximal level .
Now see the sequence occur over the next Three weeks.
Three day levels;
Here price has shown the simple imbalance supply and demand levels where price in future will test in the future.
Supply and demand explained using bitcoin chart from 22July2021 - 11 November 2021.
This uses CP - Continuation pattern
Price will test the imbalance again .
Short Term Daily sells
Exceptional scenarios
- main imbalance is a sure test - whereby the overall pattern has created a untested top, with a high amount of CP points.
- 3rd zone of CP, where a higher low has occurred, this is a true bullish scenario where a true scarcity exists in Supply/Demand - depending on market cycle and formation structure is coming from .
Exceptions - Three CPS in a row create an overall aggressive stance on the market. Depending on markings, allows different levels - where 3CPs are created, the main points for the CP pattern, these will not be respected.
Choose the correct candle
Basic 50% candle
Departure height
avoid hammers - these are reactive candles upon supply and demand levels on lower levels.
The strategy at play
Using DCA - purchasing from these two levels, will obtain a lower price from BTC, but also will allow the accumulation of savings to put into the market.
While smaller increments are being added in the monthly time period, there are periodic levels where price will a larger additional sum to be added within a price range.
Tracking of Dominance - 6th October 2021
BTC - 44.69%
ETH - 18.51%
BNB - 3.19%
ADA - 3.11%
USDT - 2.95*
XRP - 2.22%
6th February 2022 - a QTR review
Here is how the numbers look
BTC - 42.55%
ETH - 19.08%
BNB - 3.63%
ADA - 2.00%
USDT - 4.05*
XRP - 1.71%
A multi-functional chart tracking;
Please review the link below to track the all things BTC
BTC.Dominance, correlated against the Crypto Index, vs BTC USD current price.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
