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BTC: relevant nPOC and FVG levels to look at for nowBTC 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.
by mapav
6
EDUCATIONAL POST (FVG - Fair Value Gap)EDUCATIONAL POST: (FVG - Fair value Gap) 📊📈 Let's take some time to explain a trading term I often use in my TA. 🤓 FVG - or Fair Value Gap (= inefficiency, void...) 👉 What they mean by that is an area of the chart where the price moved past in just 1 single candle, meaning the candle before + after haven't touched this area. 👉 This is how such a gap is formed. 👉 This gap frequently works as a magnet for the future price, indicating a CONTINUATION (bullish —> bounce, bearish —> drop) NOTE: this is the strongest on the first touch it does, after that it's power deminishes and price often moves back through it. EXAMPLE: (bullish) price moves up fast and creates a FVG. This area will act as a bounce area for when the price drops back down to this, before continuing higher. I've added a theoretical + $BTC example. (scroll back to see it on the chart) Hope you learned something. 👌 Oli 🤙
Education
by theGOATofCrypto
2
GOLD Possible LONG ScenarioGold continues to create new Highs. It's possible for it to continue even higher without a deeper confirmation that we were waiting from the previous analysis. I will be looking for a buy from a daily Order Block/Demand zones. Market structure is important. We need multiple confirmations and a shift in the structure before entering. The perfect scenario would be a creation of liquidity and clearance of it tapping into an OB with a Wyckoff spring. DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSD
by d13wish
1
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video. Summary: Monthly Timeframe: - Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here. Weekly Timeframe: - We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions. Daily Timeframe: - We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower. - Price has just reacted off a Daily Bearish Breaker Block, which should push price lower. - Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible. - Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out. H2 Timeframe: - Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS). - We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
Short
by Bastianelton
2
BTC/USDT : LTF plan and possible directionBINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Just wanted to mention the quick note, If #BTC engulf below the mentioned zone, Then it'll drop to the tagged line for a healthy correction in my opinion.. Last time it didn't touched the line and now it just filled the gap above on CME's chart ! Also on 2H's time-frame : It's moving in a based FIB's channel and according to our LTF plan, If the mentioned zone and line get engulfed; Then the direction would be like the above track on 2H's time-frame. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
9