BTC: POSSIBLE SCENARIO! POWER OF 3!!
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update.
What is PO3 and how it works?
The primary purpose of the PO3 is for smart money to build positions and engineer liquidity. Smart money unlike us needs a more complex method of entering classes in the market while retail(us) is able to enter positions as long as the order book allows it. Trading is a 0-sum game, inorder to accumulate a long position there needs to be a seller to provide it and vice versa.
PO3 works mainly in three parts:
1) Accumulation
2) Manipulation
3) Expansion
Currently, BTC is in an accumulation zone. The accumulation range is 15.8k-17.5k level. Once it breaks above the accumulation zone, we enter into the manipulation zone.
We have a big resistance is at the 18k-19k level. Expecting a rejection from that level and then we enter into the expansion zone.
Invalidaion:- Close above 19k level
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
What is PO3 and how it works?
The primary purpose of the PO3 is for smart money to build positions and engineer liquidity. Smart money unlike us needs a more complex method of entering classes in the market while retail(us) is able to enter positions as long as the order book allows it. Trading is a 0-sum game, inorder to accumulate a long position there needs to be a seller to provide it and vice versa.
PO3 works mainly in three parts:
1) Accumulation
2) Manipulation
3) Expansion
Currently, BTC is in an accumulation zone. The accumulation range is 15.8k-17.5k level. Once it breaks above the accumulation zone, we enter into the manipulation zone.
We have a big resistance is at the 18k-19k level. Expecting a rejection from that level and then we enter into the expansion zone.
Invalidaion:- Close above 19k level
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.