BTC Levels of Interest and Trade Analysis
(07/24/23)
A little background into my style of trading and my opinion in the movement of price. I trade from the bias perspective that specific price points have to be reached first before going onto the next key price point. It is an algorithmic sequence that goes in order. Everything in between is noise; however, certain patterns within the noise can be used as confirmation, price entries, liquidity runs, etc. In the following analysis, I provide a visual explanation through my charts stating that $28.4 K will be hit first before reaching $33 K; both of which are, in my opinion, key price points that determines whatever big key directional movement happens next. As I develop and test my theory with my style of trading, I hope to connect with other like minded individuals. I don't use indicators; just pure data from the chart.
As of current, I predicted the first leg down, both in the higher time frame chart and the lower time frame chart. The higher time chart (daily) is what I use to form my directional bias and the lower time frame chart (4h and 30m) is what I use to trade.
HTF (Daily Chart) Levels of Interest
$28.4 K --> $33 K
LTF (H4 and 30m Chart) Levels of Interest
$28.4 K--> $ 30.9 K
A little background into my style of trading and my opinion in the movement of price. I trade from the bias perspective that specific price points have to be reached first before going onto the next key price point. It is an algorithmic sequence that goes in order. Everything in between is noise; however, certain patterns within the noise can be used as confirmation, price entries, liquidity runs, etc. In the following analysis, I provide a visual explanation through my charts stating that $28.4 K will be hit first before reaching $33 K; both of which are, in my opinion, key price points that determines whatever big key directional movement happens next. As I develop and test my theory with my style of trading, I hope to connect with other like minded individuals. I don't use indicators; just pure data from the chart.
As of current, I predicted the first leg down, both in the higher time frame chart and the lower time frame chart. The higher time chart (daily) is what I use to form my directional bias and the lower time frame chart (4h and 30m) is what I use to trade.
HTF (Daily Chart) Levels of Interest
$28.4 K --> $33 K
LTF (H4 and 30m Chart) Levels of Interest
$28.4 K--> $ 30.9 K