You can see that we have some bullish orderblocks on the daily that we've tapped on the wick down from the recent move
And as shown in second pic, a bearish order block at range high
FVG's
Looking on the Daily, we've also got three FVG's, with the recent wick move down filling and rendering this FVG as now closed
nPOC's
There is a close nPOC at $57k area, and also two more up near ATH.
From my end of the stick, it's not worth considering those two up top just yet though
Value Areas
From a HTF perspective of the Fixed Range Volume Profile, where we pull the range from the low before the rally in July, and to current timeframe, we can see the below Value Areas
And then?
Look at the below chart and you'll find the VAH, a nPOC, and an FVG close to each other.
Everyone wants price to run down, but would it be ultimate fuckery to hit these points, and then run down to test range low?
Much rekt-ness in such a move
Price at the high of the range also lends itself to being at a complete premium compared to the fair value level of mid range, or the discounted lower range.
There would be a fair bit of market interest at the lows and highs of course.
My take?
Well, for now, I'm happy to see what structure we beat in terms of lower timeframes that then allows me to frame my trading toward the highs or lows.
Lose that FRPV POC and I think we'll head to range low, but it also seems too juicy to not tap the range high as shown
Hopefully this has helped a bit.
As always, say hi to the old chook for us, look after your mates, and keep out of trouble.
Thanks as always to @Delta_Exchange for their support, and if you'd like to trade there, feel free to use the below link
Did a poll in my TG Group - and PA was what people wanted to see most, so:
Let's take a look at $SRM
Agenda:
- Range
- FVG's
- nPOC's
- Potential PO3
- Putting it all together
- $BTC and behaving itself
Range:
For this range, we're using the Daily Chart, with some market structure utilised to frame ourselves, and our bias
FVG's, Fair Value Gaps
What we're looking for here is where price moves away quickly from an area, leaving no corresponding candle closes between a candles body (ie wicks, or other candles).
FVG's can be used for bullish or bearish scenarios
We have a Fair Value Gap that is presented to us in the form of a bullish $500 candle, where a portion of the candle's body has no exploratory wick or body from another immediate candle to balance price.
Liquidity
Note the liquidity in the form of buyside liquidity has been claimed also from the range high already.
We'd typically expect that with a range, that we alternate between range high and low for liquidity.