Good morning, traders. There hasn't been a lot of action over night. As discussed during yesterday's live stream, Bitcoin's current price position has supply and demand searching for enough liquidity to get a trend going. Yesterday's drop and $200 rebound appears to have led to the printing of a flag. If so, then the target is the same supply zone that rejected...
if price brakes the very important support of 2635 will resume bearish trend enter short trade.
I want to see it brake Pivot P first, in S&P500 (not SPX) this is at 2634
Stop Loss at recent high 26442
Target at POC from 17th of Jan 2605
Good morning, traders. Bitcoin continues to trend slightly lower but has yet to make a strong, continual move down. This morning we saw price drop, hit demand and rebound just under $200 very quickly. There is no doubt that moves like this are causing traders to lose money as their stops are taken out. The market is attempting to find/create liquidity to get price...
The daily RSI shows we hit an important resistance and the pitchfork shows we could be retesting the center line around the same area as the POC around 3.4 k. In case we break the RSI resistance, this idea would be invalidated, and the bull trend would resume.
the slope rider signal has fired on the 15' chart.
today markets are stuck in a range due to all the news that came out in the past days.
Keep Stop Loss above last high in price at 2720 (ESZ8 price, not SPX500).
Take partial profit at 2702: very high volumes here yesterday.
Target 2686: the last unmet Point Of Control from 28th of Nov.
The last week was nice move down on EURGBP. In this strong sell off i want enter to short position that is why i chose zone close 0.8821. There is really nice POC od the day ( Point of control ).
One more thing!! From this zone started perfect move down, so for me it is mean i will be ready for short from this zone...
Lets check my last post...
Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good...
Based on a POC breakout. seems like we've passed the spring, and ready for breakout. consider this setup on a breakout above 1650-1700 levels.
entry : 1670
target : 2350
this is not a signal or trade advice, only a possible setup for educational purposes.
To find the entry, you must look at the 4h and locate the level after the bounce of the support and based on PA (candle formation) you enter long at about 122.55+/-
If price Violates the support (DO NOT ENTER). AGAIN, ONLY ENTER THE TRADE IF PA is clear after its bounces.
My style revolves around volumes at a certain price level. Price that the markets accept or reject displayed by volume profiles.
I've been trading PXS now known as NPXS since ICO. The median price is around $0.00935
Click on the link to see the volumes traded a specific price.
After a fixing volume ETC/USD shows a correction wave. The price reached level 33.7- it's max volume (@POC) of last mini-balance. To continue the growth, the price must breaks out and holds above 35.5.
But, if the price goes down and breaks down level 32, it will be a fall wave to flat level 26.
Entry point - buy limit 35.6...
VPVR shows us that NEBL is at a very healthy price level.
The white lines around it shows the developing VA, value area; where all the trade is happening.
The POC, point of control, shows where the very most trading volume took place. It's the chalk blue horizontal line
We're at the bottom of this and the only way is up!
RSI is above 50; for me, this is a very...