Good morning, happy Sunday! I hope everyone is well and blessed! My plan still remains the same, long from the lows and still my bias is short the highs of the range with a swing failure pattern with the heikanshi candle still.. lol i dont if you spell like that. Either way i see no bearish divs on the high time frames yet. If support is held at the value area...
Short on API3. Double top on the daily tame frames. Money coming out on the small time frames, putting bearish divergences with higher price action and lower momentum waves. Yes Money is creeping to the upside on the 4 hour but vwap is trending to the down side. Simply there is a deviation in the volume profiles and i believe the fair price for this asset is not...
Simple i like to trade volume profiles. It show the value of a asset in real time. I like to buy when its cheap and sell when its expensive. Value Area highs, POC or Value area low with deviations to give a better confluence.
IF BTC Can sweep all the liquidity just below the POC at 42800 and Hold the POC we can expect a move back up to the value area high, but just my thoughts what you think of my TA :) Happy Friday
Possible scenario we come up and claim all the short liquidity at 46300. My plan is simple we deviated below are value area at the .786. Tap the liquidity possibly at the golden pocket at 45100 or the .786 at 46300 before putting in another macro lower low. Thought? :p