Based on the CVD and price action, I believe there's a potential for a retest of the 52k or 54k lows unless we see a significant pump (which is certainly possible). The 5-wave correction appears to have concluded, and we're now in what could be an ABC correction. If the price retraces from here, it could sweep the lows and retest the highs of the channel, forming...
Today, I'll be monitoring the weekly close above for a potential long entry and the daily open plus a Point of Control (POC) from the entire uptrend range for a possible short entry. I've set alerts for these levels and will be observing the market's reaction. I'll also be checking for divergences at these levels, as well as volume and order flow...
If a rejection from this local range is confirmed, I anticipate a retracement to the 0.618/65 Fibonacci level before a potential new upward move. Enter at the SFP (Swing failer pattern) of the POC (Point of Control), with stop-losses placed below the wick. I'm observing a slight bearish indication on the CVD (Cumulative Volume Distribution). However, this...
Scalp trade Long with failed auction at the lower of the channel. TP1 POC, TP2 59k. Stoplosss at sfp. Long if sellers keep the exhaustion higher lows at CVD.
Absortion CVD, Short if low volume hits Fibonacci of the range. Stop losses at 5 minuts SFP, first take profits at POC of the range.
I've been following these two patterns for several days. Initially, I anticipated a new upward impulse to reach a daily closing price of 65,300, but that hasn't materialized. Nevertheless, I believe the CY pattern remains valid. I'm currently monitoring the price to see if it will test the resistance level above. A positive reaction could lead to a significant...
My Trading Ideas for Today: Longing Low, Shorting High I'm currently focusing on identifying entry points at price lows (longs) and points at price highs (shorts). Entry points, swing failure pattern. Check the CVD absorption and exaustion on those levels. Disclaimer: I'm a learning trader and not currently profitable. Please approach these ideas with that in...
We're approaching the midpoint of the broader sideways channel, which is slightly bearish. This area also coincides with the Value Area Low (VAL) identified on the volume profile. Additionally, the Anchor VWAP from the recent high aligns perfectly with this zone. Notably, this area also marks the closure of the CME gap and is near a daily Naked Point of...
Currently observing a bullish diamond pattern on the chart. However, it's important to note the nearby resistance level and the recent downtrend in price. I'll wait for a pullback to retest the NPOC or even the daily close before considering an entry. Potential Entry Points: 59,330 - 59,000 Take Profit Targets: TP1: 60,200 (move the stop-loss at the entry...
Anticipate a liquidity grab towards the recent highs, followed by a pullback to the value area low. This could potentially set the stage for a reversal and a continuation of the uptrend.
Liquidity grab and bulish crab formation at around 24650
There is a naked point of control from May 2022 around 29780, a resistence to be aware, if the price get rejected from there maybe we can get a 15% pullback and fullfill the CY bullish harmonic. What is your thought about this ideia?
Bearish Head and Sholders formation and fibonaci retracement from preview low at 1700 to previews high at 4000 the golden pocket and the head shoulders points to bearish retracement at 2600. I´m not sure if we ´ll get that low but the bearish signs are there and everything will depend on what BTC does as well.