BITMEX:XBT 4H | Idea OTF traders are iniating price changes above VAH. If we continue to close at this level with 4H candles, it will go to the new ATH otherwise I’ll look for a pullback to the nPOC area to gain a little bit more strength.
Daily untapped nPOC levels for BTCUSDT.P (Bybit!) as of May 28th 2023 Source: Atas Levels will vary depending on the exchange you use
Monthly untapped nPOC levels for BTCUSDT.P (Bybit!) as of week 21 2023 Source: Atas Levels will vary depending on the exchange you use
After loosing a key Weekly on a move to the downside, next question is where to next right? Spent the morning trying to second guess the market and in essence try predict the price. Garbage. Trade the moment and whats in front of you. Knowledge is power. Well respected in my opinion backed by some decent fibs is a descending triangle. Fibs drawn from highs to...
We hit the previous day POC and Supply zone of the range. high probability Short set up.
If you aren't aware, general market sentiment is bearish. Everyone is aware of this, hence why my conviction for this play is stronger. Bitcoin forming a 4H and daily bullish divergence, alongside a triple bottom. One last bounce from here is very likely as I'm seeing the SPX have a local bottom. Also untapped NPOC levels that are likely going to get filled....
It's time to write the Weekly Review. This week has been one really volatile, as BTC rallied to around 45k$ before retracing again to 39k$. What's next? I personally think that this is the time when we set the final trend. Yes, I know how inexact this can be. But I really think we're at an inflection point on higher timeframes, as I've already shown in my last HTF...
Title says it all. My TA for ETH for the coming week. Levels and ranges to watch for. Shows good long and short position entries. Hope you like, if you do give it a thumbs up :) Enjoy your day, everyone!
Hello everyone, This is a continuation of the idea I posted yesterday which is linked as a related idea. Yesterday I posted relevant FVG and NPOC levels to look at for now. It seems the FVG level was hit precisely, only for price to drop back to the channel which is now acting as support as was to be expected in case of a rejection at FVG level. I have...
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...
BTC just touched two NPOC levels in one powerful wick upwards. High volume candle suggests a lot of bullish strength. Next higher NPOC level around 43k. Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels. However, 40k...