BTC: relevant nPOC and FVG levels to look at for now
BTC is showing bullish momentum to the upside, right now.
Given that FVG and nPOC levels are relatively powerful predictors of price movements, I highlighted some relevant zones to look out for in current times.
The FVG levels are the thicker lines, the nPOC levels are the thin lines.
Regarding upside potential:
Relevant nPOC level to the upside is located around $46200. I find it especially relevant given the yet untouched FVG level located closely below it, at $45480.
I think both FVG as well as (n)POC levels are best interpreted as zones, so I take it as a 45500 - 46200 zone. I look at that zone as a place of relevance with regards to upside potential.
However, in order to get there, BTC would need to break some psychological support barriers (round numbers) which should be taken into account.
Regarding downside potential:
A relevant nPOC is located at 37950. This is located closely to an FVG level (which has been touched multiple times). So regarding downside potential I would look at 38000 - 37900 first.
However, in order to get there, BTC would need to break some psychological support barriers (round numbers) which should be taken into account.
I have also highlighted a horizontal channel (the dashed lines) which we could spend some time consolidating in before either breaking out to the up- or downside.
As always, just an idea and not financial advice.
Given that FVG and nPOC levels are relatively powerful predictors of price movements, I highlighted some relevant zones to look out for in current times.
The FVG levels are the thicker lines, the nPOC levels are the thin lines.
Regarding upside potential:
Relevant nPOC level to the upside is located around $46200. I find it especially relevant given the yet untouched FVG level located closely below it, at $45480.
I think both FVG as well as (n)POC levels are best interpreted as zones, so I take it as a 45500 - 46200 zone. I look at that zone as a place of relevance with regards to upside potential.
However, in order to get there, BTC would need to break some psychological support barriers (round numbers) which should be taken into account.
Regarding downside potential:
A relevant nPOC is located at 37950. This is located closely to an FVG level (which has been touched multiple times). So regarding downside potential I would look at 38000 - 37900 first.
However, in order to get there, BTC would need to break some psychological support barriers (round numbers) which should be taken into account.
I have also highlighted a horizontal channel (the dashed lines) which we could spend some time consolidating in before either breaking out to the up- or downside.
As always, just an idea and not financial advice.
