Hi, friends.
We have an interesting situation on BTC.
The price just a little did not reach the area where we planned to buy. Bullish initiative began a bit earlier.
Aggressively you can buy directly at current prices, because the price break out @POC of this week. But in that case you will have a big stop. With a high probability the price will roll back to the area 8400-8500 (@POC of the day). It's a good entry point.
Trade recommendations:
Entry point: 8600 (aggressive) or 8400 (conservative)
Stop: 8270
Target1: 9100
Target2: 9300
Target3: 9800
Glossary of terms
We have an interesting situation on BTC.
The price just a little did not reach the area where we planned to buy. Bullish initiative began a bit earlier.
Aggressively you can buy directly at current prices, because the price break out @POC of this week. But in that case you will have a big stop. With a high probability the price will roll back to the area 8400-8500 (@POC of the day). It's a good entry point.
Trade recommendations:
Entry point: 8600 (aggressive) or 8400 (conservative)
Stop: 8270
Target1: 9100
Target2: 9300
Target3: 9800
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
交易结束：到达止损