#analysis 49 - If breakoutIf BTC is stronk to break out current consolidation stage, I'd expect it rising fast inside the FVG zone till the next OB, which shows resistance for it.
However, the scenario may not be highly possible as the major trend is still down. Just write it up as a note for myself.
Fvg
XAUUSD SHORT-TERM BUY(INTRA DAY DRILL)XAUUSD has been dropping targeting sell stops as of our weekly bias but still gives short-term opportunities for buyers on the market before a rebound of price towards the sell stops since price is has to neutralize its efficiencies to the upwards IMB so as SELLERS could attain good momentum to the downward
BTCUSD, 12k or 9.6k, volume profile and the bad news bearsVolume profile on INDEX:BTCUSD on monthly chart after cycle up in 2019
The high volume cluster at the bottom is obvious. The POC for the whole profile up to the current price today is in the 9.2k range.
The edge of the high volume cluster is around 12k.
There's plenty of liquidity gaps (fair value gaps, FVGs, whatever you like to call them) between here and there.
Those gaps tend to get filled as supply and demand tends to equilibrium, as we're seeing now and profiting from.
Shorters of the world, unite!
Set your leverage right, TP at 12k, watch for a bounce, then long as we come back up to fill in the gaps some more.
What is FVG and why is it important?FVG = FAIR VALUE GAP
An area that offers price inefficiencies
Simply put, when there are more sellers than buyers it sometimes causes a void in the price action that we call it FVG or Fair Value Gap.
You can simply identify these areas on the chart just by finding deserted candles that have no trading history around them.
These value gaps are like errors in the market, price always tends to back to those areas and fill the gap with some more trades.
So if you see a sell-off/bullish impulse on the market, try to find The FVG and mark it as the potential target for the price to jump back there whenever the trend starts to shift.
leave a like or comment if you find this information useful ;)
EURUSD 15 TF Tuesday, LN session
I think daily bias is BEARISH, and SM wants to go below the swing low in 4 hour TF.
*3 last candle are in a daily range.
in 1 hour chart, price is bearish. I think it is going below 1.04400.
SM come below the 1.04982 level, buy the sell stops.
Does it go higher or no? I don't know for now
Possible way how BTC comes back downEntry point is only confirmed once BTC creates a FVG now on the first wave down and comes back into it a bit later.
Then a short position will be opened once I got confirmation on lower timeframe (1, 2 or 5 min.)
As target I see the 4h FVG which is marked on the charts.
Sure I could be wrong... so no financial advice! :)
Cheers,
Chris
EURUSD 15 min TFHI everybody
Tuesday, LN session
I think daily bias is BULLISH, and SM wants to go above the daily high. Also 2 last candle are in a daily range.
in 1 hour chart, price is accumulating. it formed relative equal high.
I think SM will come below the 1.05082 level or 1.04982 level, buy the sell stops and go higher
ICT EURUSD Studying tape 0000 - 0900 A look at how price arranges itself between the NY 0000 "Algo reset" time and 0900 the "NY OPEN" - ICT concepts state that the NY MD Candle is when the Algo resets, We know that 0900 Is the majority of volume for NY being the open gate.
Price is HTFB uptrending.
We Leave imbalances behind, OBs, Breaks of structure and FVGs give us clues as to what imbalances are important and relevant.
But when you see this its different.....
Watch in this video how price moves between its reset area THAT CREATES FVGs, And the NY open, Its like casting out a YOYO at 0000 NY, and just watching gravity bring it back while checking your watch.
The important of TIME AND PRICE has never been clearer to me, Im thankful for all I continue to see in this never ending puzzle.
(This is my first time discovering this / making it relevant on a tape read, so if i sound like im learning more than im sharing, forgive me and you know why)
Let me know what you think. . .
EURUSD 4H TFHi everybody
We have here EURUSD 4 hour timeframe.
We are in a range as you see, price comes to discount, hunt sellside LQ and then we see a displacement.
Also you can see POW3 (ACC, MAN, DIST).
Price comes back to imbalance, touch the OB and is going higher.
I determine 2 point as targets.