Hi, friends.
Short view at BTC:
1. Phase: down impulse.
2. Priority/signal - sell positions from sell area 7150-7250.
3. To restore the market, bull's need to break out 7460.
The rest of the information is on the chart.
Enter: 7150-7250
Take profit 1: 6910
Take profit 2: 6730
Take profit 3: 6360
Stop: 7340
Glossary of terms
Short view at BTC:
1. Phase: down impulse.
2. Priority/signal - sell positions from sell area 7150-7250.
3. To restore the market, bull's need to break out 7460.
The rest of the information is on the chart.
Enter: 7150-7250
Take profit 1: 6910
Take profit 2: 6730
Take profit 3: 6360
Stop: 7340
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
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