MrChief Profile picture
May 19 5 tweets 2 min read Twitter logo Read on Twitter
Quick trading #TAtip: FVGs

I think the value of identifying inefficiencies is a major key to success (whether you call them Fair value gap (FVG), inefficiency, imbalance, void, etc)

Here's a quick technique to use them in trading 👇
Step #1:

Identify the FVG. Can vary among different timeframes but stick to the timeframe you are trading on Image
Step #2:

Find the Order Block prior to the FVG & draw a parallel channel to identify this. Make sure Midpoint of channel is showing Image
Step #3:

Place bids near EQ if expecting a bounce
Step #4:

Prime entry 👌

*I'll expand on a few more techniques soon. Hope this was helpful Image

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More from @HaloCrypto

Jun 30, 2022
$BTC

Zoom out a bit and see 18.7k level is critical for bulls to hold

Nice bounce so far. Eyeing a long to this gap. Sitting on my hands for now Image
$BTC

Zooming in, a pullback to this area and bounce would trigger a long for me

Trade with me here:
u.primexbt.com/MrChief
Promo code: HaloCrypto Image
$BTC

Perfect bounce. Lets go Image
Read 4 tweets
Jun 30, 2022
$BTC

Watching for a low-time frame MSB

Reaction at 18.9k will set the tone for long/short bias Image
$BTC

👀 Image
$BTC

Bearish retest - short Image
Read 5 tweets
Jun 7, 2022
$LTC

Pretty critical level right here. Could get ugly if no immediate bounce Image
$LTC

Narrator: "Things got ugly" Image
$LTC

Very interesting retest

Will $LTC lead the market like the past? Getting some major deja vu here Image
Read 5 tweets
Dec 5, 2018
1/ $BTC #Bitcoin

Is the bottom in?

I say no. I'm a big advocate of studying the past and learning from it. I've been studying capitulation in detail and have found 2 phases of capitulation

Redistribution & Reversal

I argue BTC is in redistribution phase
2/ Redistribution: A continuation pattern. Money shifting b/w investors who think bottom is in

Example 1: Extended redistribution

Creates a range, breaks above range (upthrust) but not enough strength for continuation

Look how closely it reflects the current range of BTC
3/

Example 2: Compressed redistribution

Creates a range, breaks above EQ of range but not enough volume & gets rejected by EQ. This is quicker than example 1

This is also similar to current BTC pattern. The next few days will prove if there is an upthrust or continued drop
Read 6 tweets

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