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Npoc

BTCUSDT - Descending Triangle 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 lows, where 0.618 resistance levels within the triangle seem to be well respected. The 3rd of which is an estimate. Breakouts, I suspect are outside the triangle, with each of the previous Fibs at 0.618 acting again as resistance. Target low should the price break down, be the fib extensions 1:1, in red. 1 particular of interest is the nPoc at 22,500. Note: 4 consecutive days where the price hasnt broken higher then the day (or previous day close). Ill consider bullish momentum should we break above yesterdays close price, especially a closing a day.
by hmaroudas
1
Bitcoin, levels to watch and DCA into a shortIf 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. This will be your last chance to exit your longs and short into goblintown. Remember, when we are at the highs, everyone will be bullish and call for ATH's. This is your call to exit. Follow my twitter for daily updates, posting in depth content and exposing the market makers. @Space_blobb
COINBASE:BTCUSDLong
by SpaceBlobb
BTC will rally anytime soon, this could be an exciting weekIt'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$. What's next? I personally think that this is the time when we set the final trend. Yes, I know how inexact this can be. But I really think we're at an inflection point on higher timeframes, as I've already shown in my last HTF post. I'm still bullish even though we were not able to break the current resistance at 45k$. We haven't seen any considerable dip since the swing high, another reason why my opinion is that the start of this week will decide how markets will move. Anyway, the chart shows how a retrace to around 41.2k$ is probable, and, if we break that level, we should touch 43.3k$. In a bearish scenario, we would go below this already touched 38.3k$ nPoC (naked Point of Control) and test the one at 35.6k$. Lastly, I also think that next week will be interesting because CPI (Consumer Price Index) data is coming on Thursday, something that I'll probably cover in the next Fundamental Fridays section. In conclusion, I'm still bullish despite the rejection of the 45k$ resistance. I hope you enjoyed the post and stay tuned for the next one!
Long
by config_json
The Power of using NPOCS on your Charts BTC/USDA Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure. These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution. I have marked this Bitcoin Chart with Daily , Weekly and Monthly NPOCs and using the boxes I have demonstrated how powerful NPOCS can be when incorporated into a trading strategy for Scalps Daytrades and Swing setups. I use NPOCS with other confluences mainly Fib levels and order flow and the respect for these levels is well worth noting . I hope this information helps you define a strategy for your trading as utilizing these correctly will boost your ROI. Whatever the case thanks for viewing my work and be sure to like and follow .
BYBIT:BTCUSD.PEducation
by SJTRADESFUTURES
15
Bitcoin idea for long and shortHello 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 indicated two zones of interest I am looking at for possible longs or shorts at this point. Whether or not I will decide to long or short is dependent upon whether or not support will hold, and I will wait for confirmation (retest). At this point, I think support is more likely to break than to hold. But you never know. Just talking in probabilities. If you get value from this idea, please leave a like. Much success, and as always: just an idea - not financial advice.
by mapav
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
Bitcoin touching NPOC in bullish move 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 remains a strong psychological barrier. If failing to break through and if rejection is confirmed, I will look at lower NPOC levels as next price targets.
BITMEX:BTCUSD.P
by mapav
3
Why confluence works?Why candles wick the way it wicks? why 95% of the market fails to make money trading crypto? what I'm about to show you is really top secret analysis only top 5% or less knows. That my friend is confluence, why do you think 16th jan made a wick at 43.7k ? you might say its market being volatile but it was very clear on 14th jan we had naked POC at that level, it was very juicy as we saw 4hr nPOC at that same level. I get it this might not work 100% of the time but this confluence trading makes me think almost all indicators are lagging, only levels matter. Check out exo charts for getting nPOC and other stuffs. You have to put in the hard work to find these levels.
BYBIT:BTCUSD.PEducation
by phenodev