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

$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 $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

$BTC

Watching for a low-time frame MSB

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

👀

$LTC

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

Narrator: "Things got ugly"

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