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Pointofcontrol

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
KRAKEN:ADAUSD
by Crypto4Everybody
2
GBPUSD short position winner - +2.4%This is my favourite Set up to trade. Why you might ask? Along with the HTF analysis, there are several other rules I like to see. 1) I like to see a break of structure, which is what we have here looking left. 2) A deep pull back to the supply level where the original move was made from 3) .786 or .618 fibonacci confluence 4) POC (point of control) line up with price action at this level 5) I then like to see either tweezer tops on the 60 or 2 direction candles in a row (2 x bearish candles) 6) I would then enter and stop loss be placed above structure I think an important part of becoming consistently profitable is finding your style of trading, what do you like to see in the markets? As well as having a back tested strategy, good risk management and a good psychological understanding of trading.
Short
by PIPDADDY22
Potential BTC Distribution ZoneThe following VAs listed in the chart (left to right): 1. VA of current calendar year 2. VA of Wyckoff Distribution Top 3. VA of potential accumulation zone 4. VA of current and potential distribution zone BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K. Buyers were unable to provide a liquidity shake significantly below 30K; the demand for 30K LP was larger than expected. Market makers accumulated a decreasing supply in the bottom of 3rd VA. The POC for the 3rd VA is almost identical to the POC for the current calendar year and confidence was built for a short-term intermediate move with short liquidations providing more potential upside. I still have concern without seeing any relatively significant selling volume within the 4th VA, but would expect to see this in the upcoming days with a move down to 40-42K. I believe seller's ultimately will be unable to stay in control above 50K and the market will see impressive supply from underwater positions. In the long term, this will provide a key order block in a future more impressive buyer demanding market environment. Currently, the landscape while technically bullish does not appear to have any support from institutional buyers; with GBTC still being sold at a discount and whale wallets not clearly building position on-chain. My assumption is market makers will try to move the market price of BTC into a more value friendly zone between 18-25K. In an effort to keep myself accountable and level headed, I believe this pattern is invalidated with any break above 50K and either explosive volume with high spread or consolidation above the current (4th) value area- in the 2nd VA.
BNC:BLXShort
by WildZipper
Short-Term Short - After that could go either wayThere's a good chance rejection at trend point of control (PoC) is confirmed and we get some kind of retrace from this prevailing bullish impulse that we've had. If so, we are likely to come back down to at least the first point of support at which point there are a couple possibilities: a) make a higher low and begin proper large-scale accumulation b) make a lower low and return to PoC c) slowly bleed as supply absorbs all demand as well as eating demand orders from the books -> breaking below horizontal PoC in the major support zone and finally capitulating into an extended bear market / accumulation period
BYBIT:ETHUSD.PShort
by lysergik