Bitcoin BTC hits point of control of February 4thBitcoin BTC hits point of control of February 4th...
Next lower POC is at $46.421... next lower at $36.969.
Since price is very near the middle distance of both POCs... which one will have more magnetic attraction?
What do you think? 😎
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Pointofcontrol
We have descending channel on 4 hourly BTCWe are in descending channel on 4 haurly btc chart.
I just want to point out that we are at the strong resistance levels like daily resistance, point of control and golden pocket. On top of that we have this channel with multiple touch points on the downside and 2 touches on the upside.
With that hidden bearish divergences and bearish candel close on the weekly i am not sure if the bulls are strong enough to fight back at the moment.
This may be bad for the bulls if they dont show more buying preassure and some spicke in volume.
As of my trades i am taking 50% of the table from 41.9k and look how is this going to play out.
What do you think about this descending channel and can we break all this resistances?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading
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 .
Ethereum ETH daily point of controlEthereum ETH daily point of control...
Next higher at $3.510 and $3.844...
Next lower at $2.619 and $2.489.
Both with magnetic attraction since price often touches these POCs again.
Furthermore the inverse head & shoulders pattern still in play.
What do you think? 😎
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*not financial advice
do your own research before investing
Magnetic attraction for Cardano ADA?Magnetic attraction for Cardano ADA?
After touching the point of control of February 3rd it is time for Cardano to recover IMO.
There is so many magnetic attraction for ADA price to move up.
Next POC to the downside is at $1 on some exchanges.
What do you think? 😎
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*not financial advice
do your own research before investing
Which point of control next for #Cardano #ADA?Which point of control next for #Cardano #ADA?
A correction to $1.12 is very likely.
Next higher untouched POC is at $1.35.
What do you think? 😎
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*not financial advice
do your own research before investing
Which point of control next for Bitcoin BTC?Price currently very middle between $43.011 and $40.440.
Exciting to see which POC has the stronger magnetic attraction.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Cardano (ADA) 's next point of control (POCs)Cardano (ADA) 's next point of control (POCs)
A correction to $1.045 in the room of possibility because this level matches with the FIB 0.786 - often the lowest level reached in a correction during uptrends.
I would guess we will reach the POC at $1.155 first.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Cardano has to overcome EMA200 on hourly chartCardano has to overcome EMA200 on hourly chart.
Maybe the magnetic attraction of the point of control at $1.23 can help.
But price can stay a little while between the EMA200 and SMA200 as seen on December 21st.
What do you think? 😎
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*not financial advice
do your own research before investing
Ethereum ETH - next point of controlsEthereum ETH - next point of controls
An untouched point of control (POC) has magnetic attraction for the price (the price seems to remember these levels)
Not always - but very often!
Ethereum just missed the POC at $2.773.
The next higher POC would get ETH back over $3.000.
A correction down to the POC $2.471 - $2.515 is possible since we are temporary oversold.
What do you think? 😎
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*not financial advice
do your own research before investing
Which point of control next for #Bitcoin #BTCWhich point of control next for #Bitcoin #BTC
Can Bitcoin use the magnetic attraction to get in direction $43k - or will the price consolidate to lower $36k ?
Even a second bounce to $33k does not mean the end and can lead to a nice w-pattern.
What do you think? 😎
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*not financial advice
do your own research before investing
#Cardano #ADA with a nice bounce from FIB 1.272Cardano with a nice bounce from FIB 1.272
The next higher untoched point of controls are $1.235 (green) and $1.349 (orange) since the most seen volume from last lokal high to lokal down was made at this second POC level (orange)
Reaching this FIB 0.5 level is very likely IMO.
What do you think? 😎
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*not financial advice
do your own research before investing
Ethereum ETH perfectly touched POCs of July 2021Ethereum ETH perfectly touched POCs of July 2021.
There are more untouched point of controls to the downside with magnetic attraction.
But to the upside as well 😎
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
BTC Weekly Order Block filled?Hey guys I am looking to buy a big portion of BTC here, we are at a POC (point of control) for BTC, also there is a weekly order block which got filled last night (maybe only partially) so institutional investors might be looking to push the price a little lower. I am buying now, and at 32.5k and a limit order for 29.5k. We have dropped 50% from the top without any kind of recovery so we will likely have seen the worst of the capitulation. Even if the bull market has ended we will likely revisit 45-50k before taking a turn lower.
Not financial advice. Just my opinion, DOY.
Cardano ADA broke throught important volume supportThere is a high probability that Cardano touches the lower point of control at $1.15 in a second move down.
Below that please take care of this huge lack of untouched POCs and so missing possible support.
ADA has to get back above $1.28 with conformation before the more higher POCs come into consideration.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Ethereum between to daily point of control...Ethereum between to daily point of control...
Very interesting to see which POC will get the next touch.
Up to $3.511 or $3.007 - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Cardano ADA just touched the point of control from December 3rd.Cardano ADA just touched the point of control from December 3rd.
There are of course higher POCs with magnetic attraction but a correction down to the untouched POC at $1.279 matches with FIB golden pocket and volume profile of this upward movement.
What do you think? 😎
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*not financial advice
do your own research before investing
Cardano (ADA) 's next point of control (POCs)...Cardano (ADA) 's next point of control (POCs)...
Price in between the point of controls at $1.55 and $1.27.
Will the run to the upside continue today?
What do you think? 😎
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do your own research before investing
#Bitcoin 's #BTC POCs to down- and upside...After touching these point of controls of all near past days...
...which untouched POC will have the stronger magnetic attraction?
$46.4k or $37.1k?
What do you think? 😎
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*not financial advice
do your own research before investing
#CelerNetwork #CELR at well respected MA Ribbon resistance.Celer Network (CELR) still at well respected MA Ribbon resistance.
Can the untouched POC above current price help to break it?
What do you think? 😎
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#Cardano (#ADA) 's next point of control (POCs)Cardano (ADA) 's next point of control (POCs)...
What a perfect hourly candle close directly on the POC of January 5th.
A short-termin correction might occur before higher POCs can be driven.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing