p3nchan

p3nchan Updated 

Early this morning, a significant long position was closed from the bottom, yielding a profit of 28% at 5x leverage. As the weekend quickly approaches its conclusion, all eyes turn to the performance of Bitcoin (BTC) for subsequent evaluation and decision-making. In the midst of fluctuating market conditions, traders may find some degree of solace in monitoring...

p3nchan Updated 

In the realm of Bitcoin (BTC) trading, it is vital to pay close attention to both price action and data analysis in order to formulate effective strategies. Here's a brief overview of some key elements I have noticed in recent trading patterns. Firstly, concerning BTC price action analysis, a notable event is the sweeping of the monthly high. This means that...

p3nchan

Over the past weekend, Bitcoin experienced a significant sell-off, causing a price discrepancy to form, commonly referred to as a 'gap'. This gap is discernible between the present Bitcoin market price and the closing price from last Friday (as per New York time). Notably, these gaps, often identified in futures markets such as the Chicago Mercantile Exchange...

p3nchan

While preparing the weekly report for the @DATraderAssociation at their platform DA Studio , I noticed a distinctive pattern developing in the lower range of the chart. Accompanied by decreasing trade volume, I made a strategic decision to invest in $BLUR via left-hand trading. Fortuitously, following a brief period of market consolidation, the price of $BLUR...

p3nchan Updated 

A potential fake breakout happened. If it attempts to break the range high, I think it's targeting the value area of the VP. Let's see how it goes in near future.

p3nchan

I was watching the 15m chart of BTC, and after validating the OB, I set the limit order. However, it missed, by 30 pips. lol Next time I'll do combo limit order, one by wick and another one by body.

p3nchan Updated 

Current trend is still bullish. As the market went up, an OB was formed, and this would be a nice entry point which is near Monday Low. This is also confluent with other points, please see below.

p3nchan

There's a D1 FVG which could be potentially filled if it retraced slowly, and that would be great as POI to open a trade. Still need to watch for next few days, as the SVB and the bank-related stocks may affect the US stock market, there's chance for BTC to go down. Better wait for the opening of US stock market.

p3nchan

A strong momentum happened on the chart which I didn't notice. As shown on chart, the momentum broke the start of previous pump, which can be a sign of reversal. Should have notice this.

p3nchan

Daily OB refined into H4 OB, with monthly SR above. ICT OB entry at the H4 open of price bar.

p3nchan Updated 

A monthly OB identified on the chart back in March 2020. We will refine it in lower time frame.

p3nchan

If breakout (16249.5) happens, which is highly possible, look forward to 17K+ or range high. Currently better wait for it.

p3nchan Updated 

A strong movement price action occurred downward. Now looking forward to a down trend on the H1 time frame. The entry is at the H1 OB which is confluent with the potential filling of the FVG. SL is above the OB & EQ, and the TP is yet to decide.

p3nchan

Look forward to tap or break the range low after sweeping and momentum shift on the range top. Would love to see it go to range low. Not sure if tap or break will happen. Will need to see in near future.

p3nchan

As the chart showed, the price delivered from the top, even though it create a choch below. It retested the supply zone then going down.

p3nchan

Look forward for the price to react at the demand then it deliver to the currently-forming supply. After that it will reach a new low, which may be the demand of 18.2K.

p3nchan Updated 

The chart now is confluent with the MSB so the trend has been shifted. Looking forward for it going up. Potential entry at the OB below, however which is below the range low. Will wait here until it break the range top.

p3nchan

Currently, we're staying in the middle of the range in HTF, and also forming a small range within it. For the smaller range, We just ran the liquidity below and now we're looking forward to reach it's high again. Now two strategies. 1. It reaches the blue lines and create MSB, thus up trend can be expected. After that we'll do the OB entry. 2. Going down and then...