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
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Also, share your views in the comment section.
Thank You!
Accumlation
Time Compression-----------> GBP/USD
Price for a period of twenty-two days was accumulating contracts In a tight range pip box. which Is truly one of my favorite setups to see once placing a trade. Whenever I see a consolidation period of more than five days, I immediately trap price In a box, and given the fact of the previous week's structure, I can then predict where the price will head with a clear cycle as well as other confluences such as moving averages which I will post below. Trading outside of those parameters is key. Lots of jamming occurred for those twenty-two days of consolidation, and It's best to stay out of those as soon as possible.
-With the major news that Is occurring with Russia and Ukraine, this move to the downside was imminent due to the previous month and week's structure
levels of significance: $1.35895
$1.32836
$1.31521
$1.28471
$1.25887
$1.22547
Max TP- $1.31521 For now
The reason being is I don't know If price will absolutely blast through the low that is present or if It will bounce on that given level on the H1 but either way, analyzing price once it gets there is key. where we're at in price is a clear indication of price dropping even lower. Just wait and execute.
Accumulation is waving bye byeHere is my personal opinion, this is a wave of accumulation by those who see the real use case of XRP, and those who enter now can reap the best profits. Im all in LONG til end of next year, where i should be just fine.
-All the best saith the guy on the ferry leaving the dock, either we sink and i swim out or eaten by the whales, and i just go JONAH on them...
.2221 is ok, but ill be looking for anything below that
Thank you for liking, but commenting is best, either in or against this thought
Some informational videos to see on youtube showing good use cases and news others dont want you to see
I have no affiliate but just sharing some common sense logic and research by some good people
www.youtube.com
www.youtube.com
www.youtube.com