hmaroudas

BTCUSDT - Falling Wedge and Levels

hmaroudas Cập nhật   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT 15 minute UTC + 1

Today 23,400 morning has been heavy resistance. I was expecting the nPoc at 23,100 was quite surprised the breakout from the middle of maybe nowhere. Hmm, maybe a swing failure, to trap longs.

Amazing the levels how well respected they have been, nPoc, Weekly etc. It a beautiful thing. I missed the trade personally, and thinking a retrace to nPoc, well at least where I find a value area to trade. Too much volatility, to enter late and after a pump, riskay.

Not trying to predict the price movement. This is a good indication of support and resistance levels. Know your levels. Next major resistance is the daily open price. This will flip the current big resistance level at approx. 23,400 as a support. 23,300 my current support level (toit - aka tight).
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I always do this. What I have learned, I usually choose the nPoc too far down. So, to me 22, 650 looks like a juicy nPoc. I usually choose the nPoc too far down and miss the trade. To conservative. But I think, you need to decide based on the market structure and support i.e. daily, weekly monthlies etc.. Based on my experience, probabilities have always been in favour playing the most recent nPocs. I have limited experience. Should we retrace further, I would say for me a good VA would be at nPoc 23,100.

Also, the trade bounce from nowhere, that may have been a front run? Not hitting the Daily Open also? Interesting.
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For example, from above. Next level of support and perhaps a good value to order. 23, 325 nPoc. Same as yesterday however, still a very valid support! Sit waiting for levels below and miss the trade. Interesting.
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23,325 is a 0.618 fib. I think as it is a retest from yesterday, which may make it a weaker support.
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Dollar DXY closing. Interesting to see the reaction once closed! Will support be broken on BTC? Suspense!
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Bouncing of vWap. 12 hour support and pmPoc . Not a bad support. Bullish divergence on order flow and everyone opening shorts!
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Pamp it .. to daily open and dVAH at least.
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Milestone 1 : 23,500
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Support 23,275.
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Resistance 23,475 by 200k
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Were at pdVal (yesterdays value area low), Resistance between 23,525 and 23,650
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23, 650 the daily open!
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Get above 23,725 and Its GAME OVER for downside. Need to plan the next resistance.
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Based on comment above. If the prce doesnt reject and considering breaking and flipping daily to support. This is trading. No balls of telling the future. lol
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nPoc (naked point of control) at 23550.00 major resistance.
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Weekly 23,450 now support! Its a big one in my opinion. Fresh! As in fresh resistance. I watched this F%*er all morning. Lot of confluence here.
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Shorts opening on order flow 15 minute
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Resistance is futile. :)
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Look where we are guys.
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22.886. the level to watch we do not lose! Key level of note, 0.382 Fib from swing low to swing high from last impulse low. In my opinion. 23,725 and the rest is history. 23, 450 support!
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One thing I HATE about posting. And why Im going to stop, is trading is a level game. No one knows the future, the price (hate to say price because it has nothing to do with price), can go in any direction at anytime quicker than a post. Its misleading and gives bias to YOUR analysis, which may be more accurate. This is my last post. Only you know what is happening or NOT, if you dont you better know because youre the only one in control, or SHOULD BE. Its the only way. Only you can save your day, Trust know one but yourself and what you know and have learned.
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