With trading, you've got to think like the market maker, rather than what the crowd looks for with #Crypto
So here's my interpretation of a couple of possible $BTC plays.
Agenda:
- Overview
- Premium / Discount
- FRVP
- nPOC
- Support / Resistance
- FVG
- Plays
- Wrap up
Overview:
$BTC has retraced after hitting ATH just recently.
We saw a range form, followed by a liquidity grab for sell stops, up to buyside stops in the form of range deviations
Premium / Discount:
With regard to an overall range from the ATH to the current range low, we can explore the concept of discount and premiums.
Mid range is seen as fair value, with anything less than this a discount, and anything more, price being at a premium
FRVP:
We can see that the FRVP confirms to a certian degree, the location that we've placed our range
Price currently trades above the POC, and around a subsequent node, while also looking to recover the local mid range
nPOC:
Above current price, rests a singular nPOC at the ~$65k mark
Below price, there are a series of nPOC's closer down to the $56k, $51k, & $50k levels
These levels hold a lot of confluence as we explore in this thread
Support / Resistance:
In the form of resistance, we can see that we have the following:
- nPOC at $65k
- VAH at $65k
- 0.786 overall fib
Support:
From an overall perspective, there is a lot of support in the form of:
- nPOC's as shown in the chart
- 0.618 fib level
- note that 0.618 and 0.702 levels hold two nPOC's as well
FVG:
There is a run through resistance, with no closeback (via body or wick) at the $52.8k to $53.3k range
Typically, we see these areas filled again, but not always immediately (or ever in some cases)
To also frame it, the FVG rests just below the mid range of the global move
Plays:
There are of course a myriad of plays here, but here's some that could wholly or partially play out
1. Hit the $65k nPOC / resistance and reject or continue 2. Or, after the $65k nPOC grab, price heads South to retest the lower nPOC's and FVG
Wrap Up:
Do I know either way? Of course I don't, but I can only really show, based on some logical reasoning, how these plays could be attracted to these areas of interest
You've got to have a plan, so hopefully this helps you on your journey, and feel feel to give it a share
Thanks for your time guys, & hope you smash it either way in the coming months
I wanted to share this $ZIL trade with you so that you can hopefully learn some fundamental Price Action concepts
Here we'll explore:
- The Range
- FVG
- nPOC
- MSB
- Entry
- Psychology
Use these methods on $BTC any #cryptocurrency from $ETH, $SOL, $MATIC, $FTM $SHIB
Range:
I started off with drawing the range
You can see the notations on the drawings. Basically, I'm looking for the market structure before the sell off, and then the wicked candle that shows a liquidity tap that we assume will be run
FVG:
Then we're looking for a FVG, Fair Value Gap, where price trades through an area very quickly, leaving a 'gap' that opposite trending PA will 'fill'.
The importance of taking profit and actively managing your trade - $MATIC
Love a 5M chart bash - such quick feedback with your trading ideas, & so much further opportunity to continually refine the edge.
Hopefully this helps you.
Please share if it can help someone else too.
Price has run down, and a range has formed.
We've tested the range high with a deviation up to the bearish orderblock, but also swept some highs while we were up there
Retest of the range high occurs, which presents a great shorting opportunity with our fibs (that we've just looked at how to use on the recent vid I shared)
Target of beyond range low (as you do)
Further confluence is presented when we check the VPVR for VAH
Are you struggling with understanding directional bias and how to plan your trades out?
"Eff me dead and bury me pregnant" you say, "how does he know that?"
Well, read on for a handy dandy pick me up if you've had a directionally biased arse whooping recently
Here's you:
- You've scanned a chart for donkey's years
- A you beaut entry is determined by thou
- Your arse is clenching as you squeeze the buy or sell trigger
- You think to yourself: This will be the move that establishes you as a trader...!
....and you get stopped out.
But why? Is this a contunuing trend that you find your self in?
How about you read the 7th word in this particular tweet.
"Trend".
You know the cliche saying - "The trend is your friend"
Quick breakdown on a possible $SOL trade, with some method behind the madness, true PA style only
Price action and price action concepts work in any market for any #Crypto or #cryptocurrency, or anything from forex to stocks.
Lets start on the 1H chart to get an idea:
We can see that we can define a range from MS that has formed after the impulse move upwards
From the initial impulse move outside of the range, we can leave this as a buyside liquidity target.
We see price sweep range high, and then range lows in its search for liquidity
Price hits the initial liquidity target and then, naturally, seeks the next liquidity target of the previous range lows where participants would have stored their stop losses
Hi guys, are you keen to take a quick look at $FTM chart, where we show how price is fractal in nature? Remember the BTC 5M scalps I've been sharing? (Check the similarities)
If so, read on:
The same is true for $BTC, $ETH, $FTT, $LUNA, $SOL, $SHIB, you name it
Looking on the 4H chart, let's observe a key item:
There is a Market Structure Break that causes a shift in market structure
We can also set an objective for price to head to based on the liquidity of an untested low
And what about understanding the next price move up?
See the detail on the chart:
- Retest of the bearish orderblock
- Sell off encountered
- Boom
- We've now got a range to play with