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DaddyPoolBucks

Greater Value Area Acceptance on BTC

Long
BTC Inverse Perpetual Futures Contract (PHEMEX:BTCUSD.PI)  
DaddyPoolBucks Updated   
PHEMEX:BTCUSD.PI   BTC Inverse Perpetual Futures Contract
Trend Analysis
2
0
trendanalysis
Aside from forming a pretty solid ascending triangle, BTC seems to have also found acceptance into the shown previous value are, where a lot of consolidation happened with in this range. Typically when PA finds acceptance into a value area, it likes to make a complete move to the other side oof said range. Currently testing the POC of the range, failure to break here and find support above the level could lead to a pull back down to the VAL again
Comment:
PA has made a solid break of the POC, in doing so has created an H4 FVG right around the POC of the range. PA could potentially see a pull back to fill FVG before continuing upward momentum. Watching for a reaction at the 3Daily level above, expecting resistance of some sort.
Comment:
PA blasted through the 3Daily level, nailing Target 2 at the VAH of the range.
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