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CryptoSoulz Profile picture
@SoulzBTC
Jun 17, 2024 • 8 tweets • 3 min read • Read on X
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In this THREAD I will explain “Price Action”

1. Formation of a Candlestick
2. Power of Three
3. OLHC
4. OHLC
5. Trading examples

🧵(1/8) Image
1. Formation of a Candlestick

The first candlestick is BEARISH, they OPEN from TOP to BOTTOM.

The second candlestick is BULLISH, they OPEN from BOTTOM to TOP.

Highs and lows are equal positioned in both candlesticks Image
2. PO3

Is a strong and proven trading strategy that focuses on 3 main phases: Accumulation, Manipulation and Distribution.

PO3 goal is to make informed decisions in bullish and bearish markets.

It can be used in different TF. Image
3. OLHC

OLHC stands for Open, Low, High, Close.

As the name suggests, this type of candlestick chart shows the opening, closing, highest, and lowest prices of an asset within a specific TF. Image
4. OHLC

An open-high-low-close chart is used to illustrate movements in the price of a financial instrument over time.

Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time Image
5. Trading Examples (OLHC)

Price arrives to Sell Side Liquidity.

This would be a ideal ZONE to accumulate or enter.

If not, wait for a displacement to occur and enter in the next FVG retest. Image
5.1 Trading Examples (OLHC)

We enter the trade when price retests FVG and take it as a Support.

Stop Loss should be placed BELOW Sell Side Liquidity. Image
5.2 Trading Examples (OLHC)

Price should expand to Highs from the Lows taken.

This is an example of how price moves where the Liquidity is.

Stop loss always below Daily low.

TP always on the Close or Highs of the day. Image

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More from @SoulzBTC

CryptoSoulz Profile picture
Aug 22
In this THREAD I will explain “Order Blocks”

1. What is an Order Block?
2. Bullish and Bearish Order Block
3. How to trade Order Blocks

🧵(1/12) Image
1. What is an Order Block?

An order block is a specific price area on a chart where large institutional orders were placed.

Leading to a significant price reversal or continuation of a trend. Image
Image
1.1 What is an Order Block?

Order Blocks have mainly 2 purpose:

- OB either take out the liquidity, by hunting below lows or above highs

- OB fill the liquidity by filling FVGs or testing already existing Order Blocks Image
Image
Read 12 tweets
CryptoSoulz Profile picture
Aug 18
In this THREAD I will explain “Liquidity”

1. Liquidation Heatmap
2. Liquidation Level
3. Backtesting Liquidity

🧵(1/13) Image
1. Liquidation Heatmap

The Liquidation Heatmap calculates the Liquidation Levels, based on market data and different leverage positions.

As more estimated liquidation levels are added to a certain price, the color of the heatmap changes. Image
1.1 Liquidation Heatmap

The colored areas that can be seen in the graph are the Liquidation Pools, also known as Liquidation Heatmap.

Where the Liquidity within the market is represented with a heat map, which work as a magnet for the price. Image
Read 12 tweets
CryptoSoulz Profile picture
Aug 14
In this THREAD I will explain “Trading Indicators”

1. RSI
2. Elliott Wave
3. Bollinger Bands

🧵(1/17) Image
1. RSI

Divergence appears when the RSI's highs or lows diverge from price

If the price makes new lows but the RSI bottoms at higher levels, it signals bullish divergence

If the price makes new highs but the RSI peaks at lower levels, it signals bearish divergence Image
1.1 RSI

Bearish divergence in the RSI occurs when the price of an asset makes a Higher High, but the RSI makes a Lower High.

This indicates weakening buying momentum and suggests a potential downward price reversal. Image
Read 17 tweets
CryptoSoulz Profile picture
Aug 4
In this THREAD I will explain “Liquidity”

1. Where’s the Liquidity?
2. Liquidity Run
3. Liquidity Sweep

🧵(1/12) Image
1. Where’s the Liquidity?

Price hunts liquidity:

In bullish ranges it dips below trendline lows, old lows or equal lows (marked $) to trigger SL before reversing up (green)

In bearish ranges it spikes above trendline highs, old highs or equal highs then reverses down (red) Image
1.1 Where’s the Liquidity?

Liquidity forms below uninduced swing lows or above highs within trending markets.

These areas act as magnets for price.

Once swept (BSL/SSL), structure often shifts—signaling potential reversals or continuations. Image
Read 12 tweets
CryptoSoulz Profile picture
Aug 2
In this THREAD I will explain “Pullbacks”

1. What is a Pullback?
2. What is a Retracement?
3. What is a Reversal?

🧵(1/14) Image
1. What is a Pullback?

A pullback refers to a temporary price decrease or pause within a larger upward trend.

It's a short-term retracement that doesn't signify a change in the overall direction of the trend. Image
1.2 What is a Pullback?

Pivots can be defined as significant Highs or Lows that act as potential reversal or support/resistance points.

Pivot point analysis helps traders identify pullbacks. Image
Read 14 tweets
CryptoSoulz Profile picture
Jul 30
In this THREAD I will explain “Fibonacci”

1. Fibonacci Retracement
2. How to draw Fibonacci Levels?
3. Fibonacci Ratios

🧵(1/12) Image
1. Fibonacci Retracement

Fibonacci levels are used to identify potential Support and Resistance levels on price charts.

These levels are expressed as percentages (23.6%, 38.2%, 61.8%, and 78.6%)

Traders use these levels to identify potential entry and exit points Image
1.1 Fibonacci Retracement

In a Fibonacci retracement uptrend, levels like 23.6%, 38.2%, 50%, 61.8%, and 78.6% act as potential support areas.

These levels are used to identify potential areas where the price might pause or reverse during a pullback within the uptrend. Image
Read 12 tweets

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